GET THE APP

Journal of Business & Financial Affairs

Journal of Business & Financial Affairs

ISSN: 2167-0234

Open Access

Contribution of Manufacturing and Infrastructural Development on the Economic Growth in Kenya

Abstract

Kenneth Kibet*

In Kenya, both infrastructural development and manufacturing are critical components of economic growth and development. Kenya has made significant investments in improving its energy accessibility, road network, railways, ports and airports and manufacturing. Despite all these improvement, infrastructural projects often face funding constraints. Budgetary limitations and reliance on external financing pose significant challenges. Existing infrastructure requires regular maintenance to ensure longevity and efficiency. However, maintenance efforts are often inadequate due to financial and logistical issues. Corruption and mismanagement can lead to delays, cost overruns and substandard work in infrastructure projects. This article empirically analyzed how this huge investment in energy sector, transport infrastructure and investment in manufacturing have had a significant to overall economic growth. From the findings, these components have positive and significant contributions to the growth of economy. The combined positive and significant effects of these factors suggest that a coordinated effort to improve electricity accessibility, transport infrastructure and manufacturing investment can have a synergistic impact on Kenya's economic growth. Each factor complements and strengthens the others, resulting in a more robust and resilient economy.

PDF

Share this article

Google Scholar citation report
Citations: 1726

Journal of Business & Financial Affairs received 1726 citations as per Google Scholar report

Journal of Business & Financial Affairs peer review process verified at publons

Indexed In

 
arrow_upward arrow_upward