Unrelenting tax increases and higher import costs on raw materials from a combination of a weak shilling and dollar scarcity have dragged down the pace of growth in manufacturing to a six-year low as the sector battled a flood of imported goods during the Moses Kuria tenure at the Trade and Industry ministry.
The latest data from the Kenya National Bureau of Statistics (KNBS) show the sector expanded by a marginal 1.5 percent in the second quarter, the lowest rate since 2017 save for the contraction arising from the Covid-19 pandemic in 2020.
