The first East Africa Manufacturing Summit was held this week in Kampala, Uganda. Themed 'Unleashing the Manufacturing Potential of East Africa', the summit brought together key stakeholders from the manufacturing sector across the East African Community and the broader Eastern Africa region to discuss the opportunities available for the sector and how to unlock the capacity of the sector to boost the region's economy.
The Hub's Uganda country representative and investment team were present at the conference to explore potential ways to support investment to manufacturers that are looking to expand into the region particularly in the agricultural sector. The Hub also met with financial institutions that are interested in increasing lending to the manufacturing sector.
In a speech read on his behalf, Uganda's president Yoweri Museveni called for more action from the EAC to boost manufacturing:
Museveni said EAC governments, the private sector and development partners need to engage more and come up with practical actions that would raise the contribution of manufacturing to 25 percent of GDP as outlined in the regional industrialization policy.
Other key areas explored at the conference included - policy aspects, links with the services sector, technology and innovation, skills development and access to capital.