This ambitious trajectory anticipates further milestones, aiming to increase exports to $2 billion with 650,000 jobs by 2031 and surpass $3 billion in exports, along with more than 850,000 jobs, by 2034.
Media reports underlined this adding President William Ruto emphasised the feasibility of achieving a compound annual growth rate of 20 per cent, which would not only boost exports but also generate an additional 200,000 jobs by 2027.
The country is seeking more investors in textile industry to drive local production while creating more jobs for its citizens even as globally renowned outdoor apparel, footwear and accessories maker Youngone Corporation recently decided to establish a $40 million factory in the Athi River Export Processing Zone (EPZ).
Ruto’s remarks reportedly came during the commissioning of the Nexgen Packaging factory at the Athi River Export Processing Zone (EPZ) in Machakos County, underscoring Kenya’s expanding EPZ network, which now encompasses 101 gazetted zones across 22 counties.
These zones have attracted significant investments.
Currently, Kenya is the leading exporter of garments under the African Growth and Opportunity Act (AGOA) programme, with the United States being its primary export destination.
Notably, Kenya supplies renowned fashion brands such as H&M, Levi’s, JC Penny, and Wrangler, solidifying its presence in global apparel supply chains.
The government’s efforts to bolster the textile industry have also received support from international partners, with the United States investing over $11 million through USAID to enhance job creation, trade, and the resilience of Kenya’s textile and apparel sector.
Fibre2Fashion News Desk (DR)