The manufacturing sector which is a source of Kenya‘s gross domestic product has extremely dropped due to expansion in ICT, construction and financial services sector.
According to an economic survey 2014,the manufacturing sector recorded a 4.8% growth last year compared to 3.2% in 2012. This rise was attributed to increased investments, stable lending rate and a ease of inflation that heighten growth for demand of finished goods.
Despite the drop in growth, last year the sector employed 280,300 workers from all formal sector compared to 271,000 in 2012.
Cement and food products topped the list of manufacturers who experienced tremendous growth last year.
Elsewhere, Chinese technology multinational, ZTE has launched five smartphones models in the Kenyan market in an attempt to win market share from Nokia, Samsung and LG.
Previously, it has been selling mobile handsets through partnerships with mobile phone firms such as Telkom Kenya and Airtel who sell its rivals handsets.