Kuria warns Kenya will fall behind Uganda, Tanzania unless it changes industrialisation policy
NAIROBI, Kenya, Sep 4 — Former Investments, Trade and Industry Cabinet Secretary Moses Kuria has backed the Government’s decision to push Tata Chemicals Magadi out of Kenya, arguing that the…
Former Investments, Trade and Industry Cabinet Secretary Moses Kuria has warned that Kenya risks falling behind Uganda, Tanzania, and the Democratic Republic of Congo in terms of economic growth unless the government changes its industrialisation policy. Kuria criticized the current approach of treating industrialisation as a political issue and called for policies that force investors to process raw materials locally and build industries around the country's mineral wealth.
He argued that Kenya must learn from countries like Indonesia, which banned exports of raw nickel to transform its economy and attract processing and manufacturing investments. Kuria also cited Uganda's restrictions on exports of unprocessed raw materials, noting that Devki Steel, a Ugandan company, has set up operations in Uganda due to such measures.
The former Cabinet Secretary stressed that Kenya must focus on developing its natural resources below the surface to move forward economically.
Brief written by urgent.news from Capital FM Kenya's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
