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Ruto promises cheaper credit and incentives to boost manufacturing

  • | Citizen TV
    841 views
    Duration: 3:27
    President William Ruto is promising cheaper credit and fresh incentives for local manufacturers as his administration steps up efforts to accelerate industrialisation. Addressing entrepreneurs, investors and manufacturers at the Industrialisation Summit, the President outlined plans to stimulate domestic production, attract industrial investment and expand export markets. However, with manufacturing accounting for just 7.1 percent of the economy, the government faces a steep climb towards its target of 20 percent by 2030. Jasmine Wambui reports.