Regional manufacturers say they are on the verge of being kicked out of business if governments do not enact stringent laws against counterfeit goods.
Mr Hussein Kamote, the director of policy and advocacy at the Confederation of Tanzania Industries, said counterfeits have discouraged serious investment, tarnished brands of genuine industries and hampered efforts to upgrade the industry to capital intensive status.
“Genuine manufacturers are running out of business because they cannot compete with ‘black markets’ that sell products quarter the price of the original goods,” said Mr Kamote.
He made the remarks on Wednesday at the East African Manufacturers Business Summit in Kampala which brought together more than 500 delegates and investors from the region. Read more. Source | Daily Monitor