Kenya has lost too many big firms that move else­where

The Star (Kenya) - - News -

When­ever any industry is in trou­ble, the con­se­quences are usu­ally se­vere and of­ten have rip­ple ef­fects. Fi­nan­cial, man­u­fac­tur­ing and hos­pi­tal­ity (tourism) sec­tors are some of the sec­tors in which Kenya has lost. Many com­pa­nies have shifted their bases to other coun­tries, the lat­est be­ing Sameer Africa, the man­u­fac­tur­ers of Yana tyres. We have seen this hap­pen­ing be­fore to sev­eral oth­ers such as Colgate Kenya, Cad­bury Kenya, Proc­ter and Gam­ble and Reckitt Benckiser. Ob­vi­ously, when this hap­pens, thou­sands are ren­dered job­less. This is in cog­ni­sance of the high lev­els of un­em­ploy­ment and poverty in the coun­try and by extension, in the de­vel­op­ing coun­tries. So, much may be said dur­ing this cam­paign pe­riod about how things are good or how lead­ers will make them bet­ter, but we must not for­get this is hap­pen­ing. It de­te­ri­o­rates our econ­omy. We must pro­tect man­u­fac­tur­ing in­dus­tries to cre­ate jobs.


Newspapers in English

Newspapers from Kenya

© PressReader. All rights reserved.