We can borrow a leaf from Ethiopian investment strategy

Sungurampole · 2014-03-26T03:40:20+00:00

I am impressed by the way Ethiopia has chosen to organize their whole investment strategy. According to the advisor to the State Minister for Industry, knowing that they are number one in Africa in livestock population, they have put the leather industry as their number one priority eyeing the whole value chain from livestock development to footwear and leather articles. In Tanzania (the second in livestock population) we are not only exporting live livestock but also raw hides and skins. All we have resolved is to put 'a heavy levy' on these exports. Common sense tells you if you see the exports are going on despite the so called' heavy export levy' know you have missed them. In Ethiopian they recognize the advantage in terms of value addition, employment generation and competitiveness in the export market so they have in place a total ban on export of raw hides and skin. On this they have zero tolerance on the perpetrators. The second priority area is textile industry followed by the food and beverage processing, pharmaceuticals, industrial chemical industry and lastly the basic mechanical engineering. They are open and clear as to the investors they welcome and those they don't. Most interesting is their boldness in reserving certain areas of investor for only national investors, these include trading and transport. In Tanzania all is open. All! including trading in cutlery or curtains in Kariakoo. We have all excuses to defend this weakness but the truth remains national interests are not in the hearts of those who pushed this in our investment statutes. It is not borrowing a leaf from Ethiopia. Source: The East African – March 22-28th 2014)

Thread starter Sungurampole
Start date Mar 26, 2014

Sungurampole

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We can borrow a leaf from Ethiopian investment strategy

Sungurampole

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