Nairobi-The Ministry of Industrialization and
Enterprise Development has reiterated ongoing plans to mobilise further
industrial based investments as a job creation strategy.
As part of the plan, Industrialization and Enterprise
Development, Cabinet Secretary, Adan Mohamed, says the government will focus on
five key economic sectors to drive rapid results.
Speaking, when he met, Lord David Sainsbury, the Baron
Sainsbury of Turville, who is a global philanthropist and businessman, Mohamed
assured that the government has embarked on a strategic project to address
bottlenecks facing both local and international investors. “Ours is a solid commitment to ensure that our investment
partners enjoy a conducive environment for business as we seek to raise our
national job creation avenues,” Mohamed said.
Globally, known as a scion of the renowned Sainsbury
family; which holds controlling stakes in Sainsbury's the second largest chain
of supermarkets in the United Kingdom, Lord Sainsbury who is also the founder
of the Gatsby Charitable Foundation said the organization will soon be
unveiling a high impact investment vehicle for the East Africa region.
The investment vehicle dubbed Msingi, Lord
Sainsbury, said, will be equipped to identify, nurture and successfully manage
high impact investments.
“We have worked in Africa since 1985, with the overall
objective of creating jobs and improving incomes. With the setting up of
Msingi, we are confirming our commitment to achieve sustainable industrial
development through a number of ambitious sector development programmes,” he said.
And added: “I will also be keen
to maintain dialogue on a potential partnership between the Government of
Kenya, the World Bank, DFID and the Gatsby Foundation, focused on supporting
the Government’s Industrialization roadmap.” In East Africa, Gatsby, has set
up and funded programmes in the Tea, Forestry, Cotton and Textile sectors. In addition, they have made
investments in micro-finance Institutions and an East African investment fund
which has socio-economic objectives at its core.
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