Government Allocates Kshs. 46 Million To Improve Thingithu Market
Updated on: Jun 30, 2020
The County Government has set aside Ksh. 46 million in the 2020/2021 financial year to upgrade Thingithu market within Nanyuki Town. It is part of the governments stimulus package plan in trade and enterprises to facilitate faster recovery of small businesses following the devastating economic effects of Covid-19.
The development of Thingithu Market is part of the governments strategy to improve the business environments under the Smart Towns Initiative. The upgrade of the market is set to promote commerce as traders and consumers transact in an improved market environment. Thingithu market upgrade is set to complete the last link as the market is already connected to the Nanyuki town by a network of new roads. The recent accomplishment of an extensive parking yard is set to improve the markets access to motorists, further spicing up trade. The parking yard is constructed using the durable cobble stones technology.
From estimates; the market will provide 500 more direct opportunities and over 2,500 indirect opportunities besides more revenue to the existing traders. The county will also benefit from more revenues due to increased trading activities. Traders are expected to enjoy a fairly good transaction environment considering that a number of enhancements have been instituted within the market including construction of 3 sheds, cabro paving and murraming of open spaces, drainage works and improved sanitation after construction of a new ablution block and renovation of the existing one. The market is currently being served by four such facilities.
Besides, the traders will enjoy a relatively secure environment following the mounting of lockable gates and improved lighting system.
More jobs will be created, which in return, will lead to more wealth creation for the market users. The direct jobs created from the operationalization of the market in October 2018 are estimated at 2,500, while indirect jobs are estimated at 5,000.
The development of Thingithu Market is part of the governments strategy to improve the business environments under the Smart Towns Initiative. The upgrade of the market is set to promote commerce as traders and consumers transact in an improved market environment. Thingithu market upgrade is set to complete the last link as the market is already connected to the Nanyuki town by a network of new roads. The recent accomplishment of an extensive parking yard is set to improve the markets access to motorists, further spicing up trade. The parking yard is constructed using the durable cobble stones technology.
From estimates; the market will provide 500 more direct opportunities and over 2,500 indirect opportunities besides more revenue to the existing traders. The county will also benefit from more revenues due to increased trading activities. Traders are expected to enjoy a fairly good transaction environment considering that a number of enhancements have been instituted within the market including construction of 3 sheds, cabro paving and murraming of open spaces, drainage works and improved sanitation after construction of a new ablution block and renovation of the existing one. The market is currently being served by four such facilities.
Besides, the traders will enjoy a relatively secure environment following the mounting of lockable gates and improved lighting system.
More jobs will be created, which in return, will lead to more wealth creation for the market users. The direct jobs created from the operationalization of the market in October 2018 are estimated at 2,500, while indirect jobs are estimated at 5,000.
