Vision 2030 under threat as manufacturing declines - News Summed Up

Vision 2030 under threat as manufacturing declines


The trends remain unpromising yet Kenya may not meet its ambitious goal of becoming a globally competitive and successful upper-middle-income country with a high quality of life by 2030, as outlined in Vision 2030, without a strong manufacturing sector. The average monthly wage in manufacturing in the private sector is Sh38,194, which is a third less than the overall mean monthly pay in the private sector of Sh56,624. The average monthly earnings in manufacturing in the public sector is Sh73,479, which is about a fifth higher than the sector’s overall monthly pay average of Sh57,915. Last year the average real monthly wage in manufacturing for the private sector was Sh20,602, a third less than the overall private sector average real monthly earnings and one of the worst by industry. In the public sector, manufacturing paid an average real salary amounting to Sh39,635, which is over Sh8,000 more than overall real average monthly pay of Sh31,240.


Source: Daily Nation May 20, 2018 17:48 UTC



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