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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
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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  Treasury decries high loan commitment fees

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

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