Restrictive legal and regulatory policies coupled with poor infrastructure and logistic services are holding back East Africa’s manufacturing sector, says the Africa Development Bank The East Africa’s manufacturing sector report released on Friday shows manufacturers continue to experience problems in cross border trading and starting and closing a company.
It shows productivity remains inhibited by a problematic energy supply and costly transport due to poor road network, limited availability of rail transport and poor logistics in ports. “From a regional perspective... the poor performance on trading across borders is particularly detrimental to the prospects for achieving rapid industrialisation,” it reads. Read more. Source | The Star