The National Government has released Sh1.125 billion for County Aggregation and Industrial Parks (CAIPs) to facilitate the economic turnaround of grassroots in the 47 Counties
In a statement released Monday by Trade Cabinet Secretary Rebecca Miano, the first phase of CAIPs was initiated on May 9 with each of the 47 counties set to receive Sh62.5 million.
CAIPs, a government-led initiative targeting to address challenges in the agricultural sector, aims to increase the Counties’ competitive edge by encouraging manufacturing and aggro-industrial investments
The National Government through the Ministry of Investment Trade and Industry is working to strengthen the manufacturing industries’ contribution to the country’s overall GDP to 20 per cent by 2030
“My ministry targets to raise the contribution of manufacturing to our GDP from the current seven per cent to 15 per cent by 2027 and to 20 per cent by 2030 while increasing exports from 10 per cent of the GDP to 30 per cent by the year 2025,” Miano said.
President William Ruto's government has begun implementing CAIPs in various areas in the country including Migori, Mombasa, Busia, Meru, Bungoma, Kirinyaga, Homa Bay, Siaya, Kiambu, Muranga, Trans Nzoia, Embu, Uasin Gishu, Nandi, Nakuru and Garissa.
The ministry says the project is to be implemented in three phases over two years
The first phase will target 14 of the 47 counties, the second will target 26 counties, and the last phase will handle the remaining seven counties.
The initiative is anticipated to have a positive effect in the agricultural sector including the creation of jobs, increased income to farmers, earning of additional foreign exchange, promotion of new products, and reduction of post-harvest losses.
