Economy

Annual made-in-Kenya extravaganza kicks off at KICC, Nairobi

The Annual Made in Kenya Extravaganza kicked off Thursday, January 20, 2022, and is expected to last on January 22, 2022, at the Kenyatta International Convention Centre (KICC).

The Annual Made in Kenya Extravaganza (MIKE) is a 3-day event for Kenyans to learn and engage with homegrown products and services primarily by Small and Medium-Sized Enterprises (SME’s).

A sudden plunge in goods demand at the beginning of the coronavirus pandemic in 2019, followed by an equally sharp revival, helped set off massive disruptions in trade.

The crisis has been worsened by the intermittent shuttering of production facilities and ports as governments around the world seek to curb spikes in Covid-19 cases.

The disruptions aren’t expected to ease until the second half of 2022 and will be fuelled globally by renewed coronavirus outbreaks, China’s strict virus containment policies and the Chinese New Year on February 1, according to a report from insurers Euler Hermes and Allianz.

“The global disruptions have further catalyzed the need for more SME’s to manufacture homegrown products. At the same time, it is important to have platforms such as MIKE that allow consumers to interact with these numerous local manufacturers and appreciate the wonderful high-quality products that they have on offer,” said Head of Secretariat Made in Kenya, Kamuzu Banda.

“As the government, we are very happy to partner with private sector initiatives like the Made In Kenya Extravaganza (MIKE) to promote this agenda as we need all hands on board. The government is already doing a lot including giving loans of up to Ksh20 million loans at very low cost through the Kenya Industrial Estates, helping businesses brand and be export-ready through KEPROBA and also facilitating the registering of their ideas and trademark through Kenya Industrial Property Institute many other interventions,” said Industrialisation Chief Administration Secretary David Osiany in his remarks as he officially opened the MIKE 2022.

MIKE has partnered with several organizations to provide support for SME’s including Kenya Export Promotion and Branding Agency (KEPROBA), Google, Tononoka Group, Marini Naturals and East African Educational Publishers (EAEP) among others.

Kenyans are encouraged to visit KICC during a three-day show to learn and purchase the various products on offer.

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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.
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