EA seeks new industrial policy

BURUNDI

|
Image: By BiztechAfrica
EA seeks new industrial policy

Regional industrialisation experts are converging in Bujumbura to formulate an action plan to implement the EAC industrialisation policy and strategy.

The plan will highlight the roadmap for implementing the first phase of the policy and strategy during the next five years. The meeting is seeking ways to develop self-sustaining and balanced industrial growth leading to the EAC attaining industrialised economic status by 2032.

Once the policy is in place, it will also create a competitive and dynamic industrial sector, fully integrated into the global economy.

EAC director of productive sectors, Dr. Nyamajeje C. Weggoro recapped the commitments made by partner states to cooperate in matters of industrial development.

“Presently, the contribution of the industrial base in East Africa is estimated at 19.2% GP, of which only 8.9% is generated from manufacturing,” he said.

The director noted that the level of contribution is low in relation to the average target of about 25%  for all the partner states and in comparison to other industrialised states in Asia, Europe or America or even South Africa.

“Of course this is an ambitious target given that the leading economies in the world average, 20% with China at 21.7%, Germany 20.9% and Japan 20.1%,” he said.



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE BURUNDI NEWS

World Bank approves $100m Burundi hydropower grant

The World Bank’s Board of Executive Directors has approved a US$100 million grant to the Republic of Burundi to finance the Jiji and Mulembwe hydropower project. Read More

ITU, Nexpedience partner on broadband

ITU Secretary-General Dr Hamadoun Touré Nexpedience will provide 180 new base stations in six nations as part of a project to improve African broadband access. Read More

EACO meets on East African telecoms

The regulators of the EAC are meeting in Burundi for talks on developing telecoms and broadcasting in the region. Read More

LAP Green shows expansion plan

LAP Green Networks' footprint LAP Green Networks has indicated plans to expand its presence soon. Read More

Burundi’s U-COM gets expansion loan

U-COM Burundi has secured a USD25 million World Bank loan for network expansion. Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoice

FEATURED STORY

GSMA: half a billion mobile subscribers in SSA by 2020GSMA: half a billion mobile subscribers in SSA by 2020

The number of unique mobile subscribers in Sub-Saharan Africa will pass the half billion mark in 2020, says a new GSMA report.

IN DEPTH

Africa lags on digital migration Africa lags on digital migration

Only three African countries have so far completed the digital migration process, and serious issues are hampering the migration in other nations.