12 Factors that have hindered industrial development in Kenya
The following are factors that have hindered industrial development in Kenya. The problem of multi nationals whose interests do not favour Kenya’s progress. Multi-national co-operation repatriate capital to their own home countries There is shortage of strategic raw materials e.g. petroleum, diamond. Cotton for textile industries. Many industrial companies use imported raw materials. Foreigners, who pass policies not friendly to the country, hold managerial positions in industries. Mismanagement of major industries and lack of transparency I parastatals. Over concentration of industries in few areas leading to negligence of other areas. It also has led to related problems of industrial concentration like the social ills. Competition from the industrialized nations who dominate the market and produce high quality goods. Poverty limits industrialization. A poor population means a small domestic market thus hindering industrial development. Products are produced with low technology ...