19 November 2013

Kenya: World Bank to Fund the Textile Sector

The textile, leather, furniture, and agro-processing industries will subject to an assessment benefit from the World Banks financial support next year in order to boost production and growth.

During the industrial week for textile and clothing sub-sectors, World Bank's Africa senior economist Douglas Zeng said the bank is ready to support Kenya's industrialisation growth on priority sectors but did not disclose the amount involved.

"We will start with a diagnosis to find the key constraints and potential growth areas so that we can provide financial support," Zeng said. He said that some of the priority sectors will require technical inclusion and benchmarking from countries which have excelled in the textiles and agroprocessing sectors.

"For us to succeed in improving some areas, there will be need for international experiments and study tours," he said. The Ministry of Industrialization said that it has started reviving ginneries, controlling cotton prices, and now targeting to get a worldwide market for textiles and clothing sectors' products, so as to enhance job creation and to get more value for the farmers.

"We are addressing the value chain by reviving the ginneries and stabilizing the fluctuating cotton prices so that farmers can get a fair share of what they have worked for," Director of Industries, Erustus Kimuri said. "We want to promote the textile sector by enhancing value addition locally so as to create local and international markets."

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