{"id":169722,"date":"2024-04-09T04:12:52","date_gmt":"2024-04-09T04:12:52","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/04\/09\/govt-implementing-incentives-to-attract-investors-to-manufacturing-sector-president-ruto\/"},"modified":"2024-04-09T04:12:52","modified_gmt":"2024-04-09T04:12:52","slug":"govt-implementing-incentives-to-attract-investors-to-manufacturing-sector-president-ruto","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/04\/09\/govt-implementing-incentives-to-attract-investors-to-manufacturing-sector-president-ruto\/","title":{"rendered":"Govt Implementing Incentives to Attract Investors to Manufacturing Sector, President Ruto"},"content":{"rendered":"<p><\/p>\n<div>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-311052\" alt=\"\" width=\"932\" height=\"455\"  data-lazy- src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2024\/04\/west.jpg\"\/><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-311052\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2024\/04\/west.jpg\" alt=\"\" width=\"932\" height=\"455\"  \/>The government is rolling out incentives to attract investors to the manufacturing sector, President William Ruto has said.<\/p>\n<p>The President said the goal is to grow the country\u2019s manufacturing sector to an ambitious 20 per cent of our GDP by 2030.<\/p>\n<p>He pointed out that strategic investment in manufacturing will increase exports, create employment opportunities, boost economic activity using local resources and generate attractive returns for investors.<\/p>\n<p>President Ruto said it is, therefore, unreasonable to provide duty and levy exemptions to importers of goods that can be produced locally.<\/p>\n<p>\u201cWe shall focus our policies and strategy on encouraging increased local production, in line with the Bottom Up Economic Transformation Agenda,\u201d he added via the Presidential Communication Service(PCS).<\/p>\n<p>The President said Kenya must take advantage of the opportunities provided by the Africa Continental Free Trade Area Agreement, which has created a vast market for the country\u2019s exports.<\/p>\n<p>\u201cWe want to create ecosystems and avenues for us to target the export market. We want Kenya to move away from being a super market for other countries to being a manufacturer of our own goods for export,\u201d he said.<\/p>\n<p>President Ruto spoke during the commissioning of Cemtech Limited Clinker Plant in Sebit, West Pokot County.<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-311053\" alt=\"\" width=\"901\" height=\"550\"  data-lazy- src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2024\/04\/westpokot.jpg\"\/><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-311053\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2024\/04\/westpokot.jpg\" alt=\"\" width=\"901\" height=\"550\"  \/><\/p>\n<p>West Pokot and Uasin Gishu Governors Simon Kachapin and Jonathan Bii, Cabinet Secretaries Rebecca Miano, Kipchumba Murkomen and Salim Mvurya, MPs and MCAs were present.<\/p>\n<p>The President said the KSh45 billion plant will create hundreds of jobs and expand opportunities for entrepreneurs in the region.<\/p>\n<p>\u201cWest Pokot County is about to experience an economic resurgence associated with the new factory, including higher wages, consumption and increased revenue,\u201d he said.<\/p>\n<p>He said local manufacturing of clinker and steel has saved the country foreign exchange to the tune of $500 million a year.<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-311051\" alt=\"\" width=\"895\" height=\"521\"  data-lazy- src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2024\/04\/poko.jpg\"\/><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-311051\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2024\/04\/poko.jpg\" alt=\"\" width=\"895\" height=\"521\"  \/><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The government is rolling out incentives to attract investors to the manufacturing sector, President William Ruto has said. The President said the goal is to grow the country\u2019s manufacturing sector to an ambitious 20 per cent of our GDP by 2030. He pointed out that strategic investment in manufacturing will increase exports, create employment opportunities, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":169723,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-169722","post","type-post","status-publish","format-standard","has-post-thumbnail","category-kenya-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt Implementing Incentives to Attract Investors to Manufacturing Sector, President Ruto - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/04\/09\/govt-implementing-incentives-to-attract-investors-to-manufacturing-sector-president-ruto\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt Implementing Incentives to Attract Investors to Manufacturing Sector, President Ruto - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The government is rolling out incentives to attract investors to the manufacturing sector, President William Ruto has said. 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