Kenya’s manufacturing sector stands at a pivotal moment, with opportunities to drive economic growth, create jobs, and position the country as a regional industrial hub. Contributing approximately 7.6% to the national GDP as of 2023, the sector remains a key pillar of Kenya’s economic development, with ambitions under the country’s industrialization agenda to increase its contribution to 15% by 2030. However, one of the biggest challenges hindering manufacturing growth is access to financing, with many businesses struggling to secure affordable capital for expansion, technology adoption, and sustainability initiatives.
This event will bring together key stakeholders—including industry leaders, investors, financial institutions, and trade experts—to explore the critical levers for unlocking Kenya’s manufacturing potential. Discussions will focus on innovation to enhance productivity, sustainability as a driver for long-term industry resilience, and the impact of regional trade integration under the African Continental Free Trade Area (AfCFTA). With AfCFTA projected to boost intra-African trade by over 50%, Kenya’s manufacturing sector is well-positioned to leverage regional markets and expand its footprint.
Additionally, the conversation will highlight financing solutions, including government incentives, development finance, private equity, venture capital, and innovative funding models that can de-risk investments in the sector. Currently, manufacturing firms in Kenya face high lending rates averaging 13-14%, limiting their capacity to scale. Strengthening financial access through structured industrial funds, blended finance, and public-private partnerships will be critical in unlocking growth.
Moderator
Felix Gichaga
Chief Representative Officer, East Africa | Mauritius Commercial Bank
Speakers
Head of Political Risk & Trade Credit | Africa Specialty Risks
Chief Executive Officer | Africa Improved Foods
Country Lead, Kenya | Manufacturing Africa & Partner | McKinsey & Co
In partnership with
