New roadmap to be set aiming at boosting cotton production in Kenya

News Tags: aiming to revive current cotton, aims at improving processing efficiency, comprehensive plan, expansion of trade, fast-tracking far-reaching measures, in 24 counties, Kenyan government, production and quality, promote marketing

Africa
New roadmap to be set aiming at boosting cotton production in Kenya
Summary: 
The Kenyan government under a comprehensive plan is aiming to revive current cotton production and quality by fast-tracking far-reaching measures in 24 counties. It also aims at improving processing efficiency and promote marketing and expansion of trade.

The Kenyan government under a comprehensive plan is aiming to revive current cotton production and quality by fast-tracking far-reaching measures in 24 counties. It also aims at improving processing efficiency and promote marketing and expansion of trade.

Strengthening sustainable research and development of new cotton varieties, promoting strong partnerships with institutions and developing and enforcing a regulatory framework including quality standards are other strategies to be pursued.

http://www.mediamaxnetwork.co.ke/business/400183/state-sets-new-roadmap-boost-cotton-production/
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Ethiopia set to become largest manufacturing hub beating Kenya

News Tags: attracted investors from United Kingdom, better industrialization policies, blossomed in recent years, cheap electricity, Ethiopia manufacturing industry, invested billions of dollars in foreign direct investment, Kenyan government, not laid out policies to boost industrialization, textile and other sectors of the economy, Turkey and India

Africa
Ethiopia set to become largest manufacturing hub beating Kenya
Summary: 
Ethiopia manufacturing industry has blossomed in recent years due to better industrialization policies from the government and has attracted investors from United Kingdom, Turkey and India who have invested billions of dollars in foreign direct investment (FDI) in the textile and other sectors of the economy while the Kenyan government has not laid out policies to boost its industrialization, leading to a near-stagnation.

Ethiopia manufacturing industry has blossomed in recent years due to better industrialization policies from the government and has attracted investors from United Kingdom, Turkey and India who have invested billions of dollars in foreign direct investment (FDI) in the textile and other sectors of the economy while the Kenyan government has not laid out policies to boost its industrialization, leading to a near-stagnation.

http://afkinsider.com/132635/132635/
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Kenyan govt to begin mitumba phase-out plan

News Tags: adviser for textile value chain at the Ministry of Industry, commonly known as mitumba, government will supply clothes produced at EPZ, Kenyan government, local textile industry, Rajeev Arora, retail at same price as imported, start implementing plan, to mitumba traders, to reduce the impact of second-hand clothes, Trade and Cooperatives

Nairobi
Kenyan govt to begin mitumba phase-out plan
Summary: 
The Kenyan government to start implementing a plan from next month to reduce the impact of second-hand clothes on the local textile industry, commonly known as mitumba.

The Kenyan government to start implementing a plan from next month to reduce the impact of second-hand clothes on the local textile industry, commonly known as mitumba.

Rajeev Arora, the adviser for textile value chain at the Ministry of Industry, Trade and Cooperatives at the launch of a report on Kenya's textile and fashion industry said the government will supply clothes produced at EPZ to mitumba traders, and they will retail at the same price as imported second-hand clothes.

http://www.the-star.co.ke/news/2016/06/23/state-to-start-mitumba-phase-out-plan_c1373795
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Kenyan govt targets to raise Sh100 bn in textile and apparels by 2017

News Tags: AGAO, duty free imports for the exports, encourage to set up shop, enjoy the benefits of EPZs, give tax incentives, hired former African cotton and textile industry federation director, Kenyan government, reduce energy rates, revive textile and apparel sector, targets to raise sh100 billion, tax rebate, to advise the ministry

Africa
Kenyan govt targets to raise Sh100 bn in textile and apparels by 2017
Summary: 
Industrialisation Cabinet Secretary Aden Mohamed has hired Mr Rajeev Arora , the Former African Cotton and Textile Industry Federation director to advise the ministry on reviving the sector. The Kenya government will now give tax incentives to 10 local and 11 multinationals, as well as reduced energy rates, to encourage them to set up shop. It also targets to raise Sh100 billion in textiles and apparels by 2017.

Industrialisation Cabinet Secretary Aden Mohamed has hired Mr Rajeev Arora , the Former African Cotton and Textile Industry Federation director to advise the ministry on reviving the sector. The Kenya government will now give tax incentives to 10 local and 11 multinationals, as well as reduced energy rates, to encourage them to set up shop. It also targets to raise Sh100 billion in textiles and apparels by 2017.

Export firms will pay US cents 9/kwH, against the industry average of US cents 14/kwH, with a promise that the rate will be cut further to US cents 7/kwH in two years.

http://allafrica.com/stories/201509200128.html
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Kenyan govt to revive textile industry with plan to boost cotton farmers

News Tags: AGOA, American market, EPZ, Kenyan government, Kenyan textile trade, paltry cotton, plan to give cotton farmers boost, providing certified seed, revive textile industry

Nairobi
Kenyan govt to revive textile industry with plan to boost cotton farmers
Summary: 
Following the recent US government extension of the Africa Growth and Opportunity Act (Agoa) for 10 years, under which Kenyan textiles trade in the American market. The Kenyan government has taken the first steps to revive the textile industry with plans to give cotton farmers 750 tonnes of certified seed this year.

Following the recent US government extension of the Africa Growth and Opportunity Act (Agoa) for 10 years, under which Kenyan textiles trade in the American market. The Kenyan government has taken the first steps to revive the textile industry with plans to give cotton farmers 750 tonnes of certified seed this year.

In the short term, the government, through the Agriculture, Fisheries and Food Authority (Affa), will provide 50 tonnes of seed for free to cotton growers by end of August, with the condition that farmers commit to provide land for cotton farming expansion.

http://www.mediamaxnetwork.co.ke/people-daily/159096/boost-for-cotton-farmers/
0

Kenyan govt to provide Sh680 million to revive and expand Rivatex

News Tags: cotton industry, expand and purchase equipments, faclitate operations, investors to take advantage of emerging business opportunities encourage cotton farming, Kenyan government, Rift Valley textile mills, Rivatex, spend millions to revive

Kenya
Kenyan govt to provide Sh680 million to revive and expand Rivatex
Summary: 
The Kenyan government will be spending 680 million Shilling ($6.8 million) to revive, expand and purchase equipment to facilitate operations at the Rift Valley Textile Mills (Rivatex) in Eldoret town, Uasin-Gishu County, Deputy President William Ruto said.

The Kenyan government will be spending 680 million Shilling ($6.8 million) to revive, expand and purchase equipment to facilitate operations at the Rift Valley Textile Mills (Rivatex) in Eldoret town, Uasin-Gishu County, Deputy President William Ruto said.

The deputy president urged investors to take advantage of emerging business opportunities in the country to initiate development projects. The project is being spearheaded by Moi University.

http://www.the-star.co.ke/news/state-provides-rivatex-sh684-million-push
Company News
0

India to provide funding for the Rivatex revival and expansion project

News Tags: cotton shortage, Export-Import Bank of India, financing agreement, Kenyan government, Rift valley textile company, Rivatex revival

Kenya
India funding for Rivatex revival and expansion project
Summary: 
India showing interest in revival and expansion of the Rift Valley Textile Company Ltd (Rivatex) currently owned by Moi university Company, which acquired and revived it after it collapsed.

India showing interest in revival and expansion of the Rift Valley Textile Company Ltd (Rivatex) currently owned by Moi university Company, which acquired and revived it after it collapsed.

India will sign a financing agreement with the Kenyan government once it is satisfied with the firm's revival. The Export-Import Bank of India will provide funding for the planned expansion of the textile company. Rivatex's operations will be expanded at a cost of Sh7.9 billion.

http://allafrica.com/stories/201408181142.html
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