Business
High power costs reduce Kenya’s competitive edge
A cooking fat production line at Bidco plant in Thika. Energy costs in Kenya have increased tremendously in the past few months and now constitute over 40 per cent of the total manufacturing costs. /Anthony Kamau
By JIM KAMANZI
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Posted Monday, September 7 2009 at 00:00
Posted Monday, September 7 2009 at 00:00
Therefore, Kenya’s hopes of becoming a middle income economy by the year 2030 seems to be a pipe-dream, given the current status of the country’s economy,” said Mr Shah.
According to a World Bank report, the issue of energy is one of the major obstacles to Kenya’s industrial take-off.
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