Related Keywords: Adan Mohamed, AGOA, entice textile manufacturer, global clothing market, hefty new subsidy, industrialization minister, Kenyan textile sector, shifting global trends, slashing cost of power
Textiles have been a small part of the Kenyan economy, but the sector has the potential for growth, according to Adan Mohamed, industrialization minister. The government is trying to entice textile manufacturers with a hefty new subsidy, this year slashing the cost of power from Ks18 ($0.20) a kilowatt hour to Ks9.
Mohamed believes the sector can create 300,000 jobs if the country can only give it the fillip it needs to grab a larger slice of the global clothing market , estimated by the International Textile Manufacturers Federation to amount to $1.5 trillion.
