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A recent report by the Kenya Association of Manufacturers revealed that the leather industry is one of the oldest and most resilient sectors of the Kenyan economy. However, it is under-performing and has gone from being a net producer of foreign currency to a net consumer of foreign currency
A recent report by the Kenya Association of Manufacturers revealed that the leather industry is one of the oldest and most resilient sectors of the Kenyan economy. However, it is under-performing and has gone from being a net producer of foreign currency to a net consumer of foreign currency.
Industry players have urged the government to introduce policies to stimulate growth, but the results have been inconclusive. A month ago, the government promised to limit imports of finished leather products, but professionals remain skeptical.
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In the context of Kenya’s long-term vision to become an industrialized middle-income country by 2030, its leather and leather products sector offers an important opportunity for industrialization and diversification of exports. The development of the sector involves improving the raw material base (especially the quality of hides and skins), boosting the tanning subsector, producing leather goods, and marketing. Key strategic questions about the leather industry include: what is the status of development of the industry, what are the most critical competitiveness challenges and opportunities, etc.
