By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Newsunplug KenyaNewsunplug KenyaNewsunplug Kenya
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Reading: Counties Boosted with Ksh.1.1 Billion For Industrial Parks And Aggregation
Share
Notification Show More
Font ResizerAa
Newsunplug KenyaNewsunplug Kenya
Font ResizerAa
  • News
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Newsunplug Kenya > Blog > Business > Counties Boosted with Ksh.1.1 Billion For Industrial Parks And Aggregation
Business

Counties Boosted with Ksh.1.1 Billion For Industrial Parks And Aggregation

Ivy Irungu
Last updated: May 13, 2024 10:45 am
Ivy Irungu
1 year ago
Share
SHARE

The government has allocated additional funds to the County Aggregation and Industrial Parks (CAIPs) initiative, marking a significant step forward in its implementation across all 47 counties. According to a statement by Trade, Investments, and Industry CS Rebecca Miano, Ksh.1.125 billion has been released for the ongoing phase one of the project.

In the 2023/2024 Financial Year, both the National and County Governments have been actively involved in implementing CAIPs in various counties, including Migori, Mombasa, Busia, Meru, Bungoma, Kirinyaga, Homa Bay, Machakos, Siaya, Kiambu, Murang’a, Trans Nzoia, Embu, Uasin-Gishu, Nandi, Nakuru, and Garissa.

Under the first tranche, each of these counties is set to receive Ksh.62.5 million, aiming to bolster the growth of manufacturing through agro-industries and enhance competitiveness in the agriculture sector.

CS Miano emphasized that CAIPs are designed to generate job opportunities, increase income for farmers, earn additional foreign exchange, promote new products, reduce post-harvest losses, and provide a reliable platform for stakeholders to engage in agro-industrial development, including farmers, processors, exporters, researchers, industrial entities, and the government.

“Establishment of CAIPs was borne of the realisation that each of Kenya’s 47 counties has a competitive edge whose fuller economic dividend can only accrue if our focus is on the grassroots,” Miano added.

READ MORE  Uganda Orders Airlines To Reject Uncustomed Gold

CAIPs aims at growing manufacturing and agro-industrial investments and enhance the competitiveness of the agriculture sector in a sustainable manner.

Kenyan exports start accessing the EU market duty-free.
Banks raise fixed deposit rate in battle for premium savers
Businesses tap Sh6.2 billion Fuliza loans in two months
Over 82pc of retirees back to work amid high inflation
Absa doubles gold units at NSE on high demand
Share This Article
Facebook Email Print
Previous Article Sifuna criticizes proposed financial bill, urges for public pressure.
Next Article Locals in Nyamira Are Alarmed As Landslides Cause Devastation
about us

We influence 20 million users and is the number one business and technology news network on the planet.

Recent Posts

  • “He’s not a danger to anyone” – Sean ‘Diddy’ Combs’ ex Gina Huynh pleads for his release
  • Two arrested after police discover secret narcotics lab in Diani
  • Transfer: Arsenal set to sign Jeremy Jacquet
  • Rapper Soulja Boy arrested in L.A. after cops found a gun on him during a traffic stop
  • China and Russia start joint drills in Sea of Japan

Recent Comments

No comments to show.
Newsunplug KenyaNewsunplug Kenya
© Newsunplug Kenya. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?