Industry Department Seeks Sh6.98bn to Rescue Industrial Parks, Research Projects
NAIROBI, Kenya, May 21-State Department for Industry is seeking an additional Sh6.978 billion in the 2026/27 financial year to bridge funding gaps which Kenya breaking news | Kenya news today |..
✨ Key Highlights
The State Department for Industry is requesting an additional Sh6.978 billion for the 2026/27 financial year to address critical funding gaps in industrial projects and operations.
- The requested funds would increase the department's total budget to approximately Sh17.402 billion in FY2026/27.
- The funds are needed by various entities including County Aggregation and Industrial Parks (CAIPs), the Kenya Industrial Research and Development Institute (KIRDI), and the Kenya Accreditation Service (KENAS).
- A significant portion, Sh3.75 billion, is allocated for CAIPs to equip existing parks with machinery and support their operationalization, preventing potential underutilization.
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