- Joseph Kieyah, Kenya Institute for Public Policy Research and Analysis
It will take time, Joseph Kieyah, a principal policy analyst and head of the private sector development division at the Kenya Institute for Public Policy Research and Analysis, tells Monitor Global Outlook.
"This project [Vision 2030] has just been started.
The government has been in place for a year and a half.
There probably will be a lag in terms of when this information is being digested."
After stagnating at around 10 percent of Kenya's GDP for a couple years, manufacturing declined the last two years, Mr. Kieyah
In the same period, Kenya's economic growth has stayed relatively steady, expanding 4.6 percent in 2012 and 4.7 percent last year, according to the World Bank
Maybe in a year or so, the manufacturing sector can turn around," Kieyah
Kenya announced a decline in electricity costs last week as a result of new geothermal plants coming online.
Supply currently outpaces demand, and Kenya is hoping it can lure new industry participants to buy up the surplus power
There is substantial manufacturing activity that is not taken into account, Kieyah