Kenya’s government entrusts the Ministry of Industrialization, Trade, and Enterprise Development with the task of creating and carrying out industrialization, trade, and enterprise development policies. Its duties include fostering economic expansion, generating employment opportunities, and boosting Kenya’s competitiveness in the international market.

A Cabinet Secretary, chosen by the President of Kenya, is in charge of the board. Hon. Betty C. Maina currently serves as the cabinet secretary for industrialization, trade, and enterprise development. The Department of Industrialization, the Department of Trade, and the Department of Enterprise Development are just a few of the departments that serve the board.

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Functions 

You will find some of their functions below.

Developing policies to promote industrialization

One of the primary functions of the board is to develop policies aimed at promoting industrialization in Kenya. This involves identifying key sectors for industrialization, providing incentives to attract investment, and promoting the growth of small and medium-sized enterprises (SMEs).

The board also works closely with other government agencies, such as the Kenya Investment Authority, to attract foreign direct investment in the country. It also works with private sector stakeholders to identify opportunities for growth and expansion in various industries.

Promoting trade and exports

Promoting trade and exports in Kenya is another duty of the agency. This entails negotiating trade agreements with other nations, showcasing Kenya as an investment and trade hotspot, and making it easier for Kenyan goods to be exported.

To promote the export of goods and services from Kenya, the ministry also collaborates closely with the Kenya Export Promotion and Branding Agency (KEPROBA). It offers assistance to exporters in the form of trade missions, market intelligence, and capacity-building programs.

Developing SMEs

The board is also in charge of encouraging the growth of SMEs in Kenya. This entails offering opportunities for training, capacity growth, and financial access. Additionally, it aids SMEs in gaining access to markets, technology, and services for business incubation.

To support the expansion of SMEs across a range of industries, the board also collaborates with other governmental organizations. Organizations like the Kenya Bureau of Standards (KEBS) and the Kenya Industrial Research and Development Institute (KIRDI).

Developing enterprise development policies

The task of creating policies for enterprise development to foster entrepreneurship in Kenya falls within the purview of the agency. This entails helping new businesses get off the ground, creating incubators, and encouraging innovation across a range of industries.

To encourage the creation of new goods and services, the ministry also collaborates closely with other parties, including academic and research institutes. With programs in mentoring, coaching, and training, it also supports business owners.

Developing policies to promote competitiveness

The board is also in charge of creating policies to support Kenya’s competitiveness in the international market. This entails fostering technological adoption, creating infrastructure, and supporting sectors of its economy that are vital.

The ministry is also in charge of promoting the expansion and development of Kenya’s cooperative sector. This entails creating strategies and plans to encourage cooperative development, giving them financial and technical support, and encouraging the formation of cooperative societies. This is to help the development of small-scale farmers and other small-scale entrepreneurs.

Contribution of MITCD to the growth of the Kenyan economy

The promotion of economic growth and development in Kenya is greatly assisted by the board. The ministry supports the expansion of the Kenyan economy in the following ways:

Promoting industrialization

The firm aids in the creation of jobs, the encouragement of innovation, and the improvement of the competitiveness of Kenyan industries. This is by developing and implementing policies and initiatives designed to boost industrialization. In turn, this aids in the expansion of the Kenyan economy.

Supporting trade and exports

By encouraging exports and trade, the ministry aids in opening up international markets for Kenyan goods and services, which helps the country’s economy expand.