Industrial performance report shows steady growth in all EAC economies
Manufacturing in Rwanda. The most attractive product for the EAC to engage in is cotton apparel, which has a particularly large and fast-growing demand in the region at 18.5 per cent annually, the report says. PHOTO | CYRIL NDEGEYA | NMG
East Africa’s industrial performance has in recent years stood above the global average, but stayed around the average of sub-Saharan Africa, according to a new report.
The EAC Industrial Competitiveness Report 2017 states that these growth rates, as measured by the Manufacturing Value Added (MVA) and manufacturing trade growth rates, fall short of some of the targets set in the EAC industrialisation policy. They are also below similar regional economic communities in sub-Saharan Africa, including Ecowas.
