2nd East African Manufacturing Summit to discuss Local Content Nexus with EAC Industrialization

Entry Date Apr 21 2017 // News, Events

2nd East African Manufacturing Summit to discuss Local Content Nexus with EAC Industrialization

• “Buy East African Build East Africa” Nexus to EAC Industrialization

Arusha, Tanzania: April 21, 2017 – Over 400 stakeholders from public and private sector will deliberate on the nexus between application of local content requirements and EAC industrialization during the 2nd East African Manufacturing Summit that is scheduled to take place from take place from 23rd to 25th of May 2017 in Kigali, Rwanda. 

Local content requirements have been used with varying degrees of success in many countries in the world. Local content policy requires firms to use at least a specified minimum amount of domestically produced inputs into their production process with the aim to enhance domestic industrial base, innovation, transfer of technology, employment generation, production efficiency and a check against trade imbalances. Most developed countries have employed local content guidelines to boost domestic value addition.

“The 2nd East African Manufacturing Summit provides an avenue for the private sector to share practical insights on the linkages among local content, domestic value addition and promotion of industries “said Ms. Lilian Awinja, EABC CEO.
Local content requirements in regard to Public and Private Procurement of large projects such as infrastructure can create high demand of locally manufactured products as well as promoting of technology based business startups.

The 2nd East African Manufacturing Business Summit also provides stage for discussion on cross cutting issues related to manufacturing specifically: finance for manufacturing sector; standards and quality management; industrial skills, technology & innovation; combatting illicit trade, product piracy & intellectual property violations and attracting diaspora investment in the manufacturing sector. Industry round tables on automotive, agro-processing, food & beverages; mineral processing; pharmaceuticals; construction materials; fertilizers & agro-chemicals as well as leather & textiles sectors will also be held.

“Improving the value chain of EAC Strategic Sectors is key for the region to reap benefits of local content requirements” said Ms. Lilian Awinja, EABC CEO.

Ends

Notes to Editors

The East African Manufacturing Business Summit 2017 is co-organized with the East African Community (EAC) with very strong support from the Rwandan Government. The event is co-hosted by the East African Business Council (EABC) and the East African Manufacturing Associations i.e. the Rwanda Association of Manufacturers (RAM), Uganda Manufacturers Association (UMA), Confederation of Tanzania Industries (CTI), Burundi Manufacturers Association (AIB), and Kenya Manufacturers Association (KAM).
 
The 2nd East African Manufacturing Business Summit will offer an exhibition where investors, enterprises, researchers and academia can collectively showcase new products and services as well as latest innovations in manufacturing, particularly those with relevance to small and medium enterprises (SMEs).

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