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Browsing: Global Business Forum Africa
- The cost associated with policy instability and unpredictability is often passed down to consumers
- In 2020, the manufacturing industry in Africa experienced reduced demand and depressed production capacity
The biggest challenge that the manufacturing industry faces in Africa is unpredictable business environments.
This is according to the Chief Executive Officer of Kenya Association of Manufacturers Phyllis Wakianga who says the sector is faced with unpredictable fiscal and regulatory policies that discourage the industry from scaling up their businesses.
She adds that the situation also leads to investors seeking more suitable, predictable and secure markets to relocate their businesses.
“Unfortunately, the cost associated with policy instability and unpredictability is often passed down to consumers, whose spending power has been crippled by the ongoing pandemic,” he says in an exclusive interview.
Wakianga also reveals that such instability is a blow to manufacturers, who are struggling to reduce costs, in a highly uncertain …
Uganda’s use of innovation to solve social challenges drive its development and creates new employment opportunities, Dr. Ruhakana Ruganda, Prime Minister of Uganda, said during the Global Business Forum Africa, GBF Africa 2019, in Dubai.
Speaking during an opening session, Dr. Ruganda discussed on how Uganda is fostering innovation and technology to unlock its economic potential.
He gave an example of mobile technology being used to register and track valuable data, improve access to education and address existing issues.
“These efforts in innovation taking place in Uganda – especially by the younger generation – are also being replicated in similar settings in a number of African counties in East Africa, Southern Africa, West Africa and North Africa,” Dr Ruganda said.
While discussing Uganda’s need to create 600,000 jobs every year for the next 10 and Uganda’s new programme set to embrace the Fourth Industrial Revolution, Dr
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