Rwanda’s industrial policy seeks to diversify economy, increase exports and the sector contribution to total GDP, as well as spur manufacturing across the country under the Community Processing Centres (CPCs) initiative, among others. However, this push is being held back by numerous challenges, including lack of access to affordable and reliable electricity, taxes on some raw materials and lack of skilled personnel, according to a new study.
The study by Enabling Environments Development, a Mauritius-based consultancy firm, calls for increased access to affordable and reliable electricity by industrial players, review some of the tax laws and creation of a pool of skilled personnel to drive growth of the country’s manufacturing and export sectors. Read more. Source | New Times