[Source: Business Daily, by Winnie Atieno]
The Government has acquired 1,000 acres of land for the Naivasha Industrial Park.
Chief Economist, State Department for Industrialisation, Anthony Mugane says the masterplan is being developed as the Government sources for park developers.
The plan to build the industrial park last year received a major boost after Parliament allocated Sh3.4 billion to buy land.
Vision 2030 flagship projects in the manufacturing sector include the development of at least five SME industrial parks and special economic zones in key urban centres and industrial and manufacturing zones.
However, inadequate budgetary allocation and unavailability of industrial land, limited access to financial services for industrial development, were cited among challenges facing implementation of vision 2030 flagship projects in manufacturing.
Mr Mugane who was representing Principal Secretary State Department for Industrialisation, Betty Maina, assured players and technocrats at Whitesands Beach Resort in Mombasa that Vision 2030 flagship projects in the manufacturing sector were on course.
He was giving the status of projects in achieving the Big 4 agenda in manufacturing, challenges experienced and strategic areas of focus at a retreat for implementing agencies.
“Other challenges include high costs of acquiring land, steep cost and quality of energy and high operational costs, unfavourable business environment, climate change and limited access to markets,” he said.
[Full article: Business Daily, by Winnie Atieno]
