Features

Good move on cash for industrial parks

Tuesday, May 14th, 2024 06:00 | By
Trade and Industries Cabinet Secretary, Rebecca Miano. PHOTO/Print
Trade and Industries Cabinet Secretary, Rebecca Miano. PHOTO/Print

That the government has released Sh1.125 billion to actualise aggregation and industrial parks is one of the most game-changing initiatives, going by the impact it will have on counties and the economy. This venture requires meticulous oversight from Trade Cabinet Secretary Rebecca Miano so as to ensure that the resources allocated are utilised optimally, ensuring the intended purpose of these markets is fully realized.

At its core, this project aims to consolidate Kenya’s agricultural produce to capitalize on local, regional, and international markets. The parks will feature clusters of autonomous aggregation centres, facilitating economies of scale for activities such as bulk purchasing, storage, sorting, and primary processing.

The overarching objective of the County Aggregation and Industrial Parks (CAIP) is to foster manufacturing and agro-industrial investments, enhancing the competitiveness of the agriculture sector in a sustainable manner.

This includes job creation, productivity enhancement at the farm level, income augmentation for farmers, export growth, foreign exchange generation, and overall economic expansion.

To actualize this vision, each county will receive millions  for infrastructure development. But the success of these projects hinges on collaboration between county governments and the private sector, whether through financial investment or expertise, fostering a robust value chain that drives economic growth.

With effective coordination among all stakeholders, including farmers, processors, and retailers, the initiative aims to enhance quality control, reduce post-harvest losses, and increase value addition throughout the supply chain.

If successfully implemented, these initiatives could position Kenya as a major export hub, boosting foreign exchange earnings and lifting many out of poverty. Leveraging a farmer-centred and export-oriented approach, small-scale farmers will play a key role in marketing and exporting produce, unlocking opportunities everywhere.

Establishing these centres will open doors to lucrative markets such as the Chinese avocado market, the European Union’s horticulture market, and the Africa Continental Free Trade Area.

That is why the CS must maintain momentum and ensure everyone is committed to CAIP.

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