FEATURED ARTICLE

Illicit goods worth Sh8 billion netted since May 2018

Share
Deputy Head of Public Service Wamyama Musiambo gesturing during a past press conference. He has revealed that the government has intercepted illicit goods worth Sh8 billion since May 2018
Share

With the government keen on expanding the economy and creating more jobs by ensuring that manufacturing’s contribution to the country’s Gross Domestic Product (GDP) rises from 8.4% recorded in 2017 to 15% by 2022, the authorities have placed great emphasis in the war on counterfeit which Deputy Head of Public Service Wanyama Musiambo says has yielded fruit since illicit goods worth Ksh8 billion have been netted since May last year.

According to Musiambo, majority of the goods were intercepted in Nairobi and Mombasa mainly due to huge access to black markets and proximity to the Port of Mombasa.

The former Regional Rift Valley Coordinator spoke during the launch of the Manufacturing Priority Agenda (MPA) 2019 by the Kenya Manufacturers Association (KAM) dubbed Closing the Manufacturing Gap through the Big Four Agenda for Shared Prosperity which details how the association plans to to make sure that industries become the backbone of the economy as envisioned by the Big Four Agenda.

“You’ve seen that we have been cracking down on counterfeit goods. In August last year you saw His Excellency The President preside over destruction of counterfeit goods in line with our vision to ensure that we only have legitimate goods in the country,” said Musiambo in reference to when President Uhuru Kenyatta witnessed destruction of goods intercepted by The Kenya Revenue Authority on August 31, 2018.

Speaking during the launch, Industrialisation Principal Secretary Betty Maina listed realisation of a level playing field, enhancement of market access, drafting of a pro-industry policy and institutional framework and securing of the manufacturing industry as what needs to be done in order to realise the manufacturing dream.

PS Maina lauded efforts by the multi-agency team on the war on counterfeit goods headed by Musiambo saying that its impact has already been felt by the association.

READ: BANKS, SAFARICOM LIFT INVESTORS WEALTH TO SH2.32 TRILLION

“It is an indictment of Kenyan businesses that an attempt to clean the business environment has led to reduction of activity that means that some of our people have been engaging in dodgy deals,” said Ms Maina.

SEE ALSO: COURT UPHOLDS KCB PLAN TO APPRAISE EMPLOYEES

2 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

PAST ARTICLES AND INSIGHTS

Related Articles
Airtel Money Kenya Ag. MD Michael Bonke and Integrated Payment Systems Limited CEO Gituku Kirika during a partnership signing to expand digital payment options for Airtel Money customers to 30 financial institutions through Pesalink integration.
BUSINESS

Airtel Money to Offer More Payment Options through Pesalink

Airtel Money has expanded digital payment options for customers through integration with...

BUSINESS

Kenya Airways to Position Nairobi As Africa’s Aviation Maintenance Hub

Kenya Airways is pursuing an interesting strategic opportunity beyond passenger and cargo...

How to book SGR online
BUSINESS

China Reschedules Kenya’s KSh 3.6Bn Loan for Mombasa-Naivasha Railway Project

China and Kenya have agreed to reschedule the terms of $3.5B in...

National Treasury building. PHOTO/@KeTreasury/X
FEATURED ARTICLE

Draft National Policy on Unclaimed Financial Assets 2026 Out for Public Scrutiny

Kenya's National Treasury has invited public comments on the Draft National Policy...