Government sees the manufacturing sector growing by 6.5 percent in both 2021 and 2022 before notching another 7.7 percent growth in 2023.
In its National Development Strategy 1 launched mid month, Government said the manufacturing sector will benefit from resuscitating and strengthening of existing value chains and developing new value chains as well as mineral beneficiation.
“The achievement of increased and sustained economic growth requires orienting the economy towards higher value added activities and production of complex products. Critical interventions involve targeting and strengthening existing value chains and mineral beneficiation,” reads part of NDS1.
It added that the value chains that will be prioritised are mainly those existing in agro processing. “These include the soya bean, cotton, leather and fertiliser value chains.”
Outside agro processing, priority will be to resuscitate the pharmaceutical and bus and trucks assembly value chains.
As part of the strategies for the sector, resuscitation of value chains will be supported by scaling up of innovation hubs and
Read more in NDS1 Final