Kenya Industrial Estates braces for Vision 2030 - Daily Nation

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Kenya Industrial Estates (KIE) was founded in 1967 with a special focus to promote indigenous enterprises in the manufacturing sector. It was to provide work sites for the enterprises to conduct their manufacturing business, provide appropriately priced loan facilities and link small industries with large industrial enterprises.

julius-mokogi-managing-director-daily-nationIt is therefore no doubt that with such a mandate, KIE is a key player in the realization of Vision 2030 in Kenya.
"In the advent to the attainment of Vision 2030, the state corporation has approached its mandate to develop Small and Medium Enterprises (SMEs) through various strategies," explains a vibrant Mr. Julius Mokogi, KIE's Managing Director.

Flagship projects towards Vision 2030

A lot of focus has been towards the development and capacity-building of incubation centres. Last year, KIE managed to set up and fully-operationalize 50 industrial sheds spread all over the country. This Year, the outlook is promising, "Our target is to set up at least 70 industrial sheds," Mokogi says enthusiastically. These industrial sheds are clustered in Kakamega and Kericho. The development of industrial sheds in Nyamira, Bondo, Malindi, Karatina and Wajir is near completion.

New construction works are set to begin in Bomet, Kwale, Sagana, Meru, Machakos and Nairobi.

Such sheds, Mokogi explains are geared towards the exploitation of primary resources in the respective regions. "They involve value-addition to fish, coconut, agri-based value-addition and processing of camel-milk
(which is becoming an economically viable commodity in global markets) in Wajir.

Capacity-building of entrepreneurs and SMEs has been at the heart of KIE.
There is an effort to ease credit access and affordability among budding entrepreneurs and SMEs. KIE has been able to achieve this through the provision of credit to SMEs at competitive interest rates.

Deployment of resources to loans has been on an upward trend since 2010, Mr. Mokogi notes. He adds that the provision of credit is the mainstay of industrial development.

KIE loans range from Sh.100,000 to Sh.14M which largely go towards the purchase of machinery and working capital.
To capacity-build small entrepreneurs and light industries, KIE has also provided the appropriate machinery that they require for their operations on loan. This has seen the industries grow to some level of independence.

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"This has seen the rise of a domestic industrial sector that contributes to the GDP in Kenya. We are making great strides in the realization of this economic pillar," Mr. Mokogi states.

Various interventions by KIE including the provision of credit, working space and valueaddition of products has led to the rise of many industries, creating new wealth and providing employment opportunities. This is addressing the social pillar in this country by meeting the needs of the people.

KIE established about 2,500 jobs in the last financial year. In addition, a lot of effort has gone towards establishing mutually beneficial linkages and building capacity in the SMEs in order to access markets and increase sales.
"KIE has also created linkages between SME and large industrial enterprises so that we can develop their capacity as they learn from each other. We have done this with conspicuous success," the Managing Director adds.

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