EA seeks new industrial policy
BURUNDI| March 22, 2012, 2:03 p.m.
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.
MORE BURUNDI NEWS
World Bank approves $100m Burundi hydropower grantThe 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 broadbandNexpedience 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 telecomsThe regulators of the EAC are meeting in Burundi for talks on developing telecoms and broadcasting in the region. Read More
LAP Green shows expansion planLAP Green Networks has indicated plans to expand its presence soon. Read More
FEATURED STORYThe transformative power of affordable smartphones and unlimited data in Ghana
Smartphones are helping transform their lives of ordinary people in Ghana, Reports Nana Appiah Acquaye.
BEST READ NEWS
IN DEPTHNIMC infrastructure must be managed by credible people: NIMC chief
NIMC’s chief speaks to Kokumo Goodie about the role of the NIMC and his own legacy.