{"id":9679,"date":"2021-05-05T16:09:43","date_gmt":"2021-05-05T16:09:43","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/?p=9679"},"modified":"2021-05-05T15:23:53","modified_gmt":"2021-05-05T15:23:53","slug":"focus-on-africa-free-market-undp-tells-govt","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/focus-on-africa-free-market-undp-tells-govt","title":{"rendered":"Focus on Africa free market, UNDP tells govt"},"content":{"rendered":"

Africa-Press<\/a> – Uganda<\/a>. <\/strong><\/span>The United Nations Development Programme (UNDP) has advised government to use the national industrial policy launched yesterday, to tap into the 1.2billion African Continental Free market.<\/p>\n

Speaking at the launch, Ms Elsie Attafuah, the UNDP country representative, said Covid-19 has exposed certain realities in more developed countries which started looking internally for market, adding that it is crucial for Uganda to look at the Intra-Africa trade to help the country regain growth after Covid-19.<\/p>\n

\u201cIndustrialisation is the key to economic transformation through export revenue, poverty eradication, sustained prosperity, which will contribute to inclusive growth, resilience, transformation of the economy and society. It will bring foreign- direct investment and international competitiveness,\u201d she said.<\/p>\n

Ms Attafuah said the Asian industrialisation shows long-term benefits through increasing productivity in the manufacturing sector, which attracts high foreign-direct investment inflows.<\/p>\n

\u201cAgro-industrial processing remains strategic to Uganda. Industrialisation is an important foundation for entrepreneurship, business development, export revenues, poverty eradication, rapid and sustained prosperity and attracting foreign direct investment,\u201d she said.<\/p>\n

Prime Minister Ruhakana Rugunda said the policy is an important guiding framework to moving manufacturing from the current 8.3 per cent in the Financial Year 2018\/2019 to 16 per cent in FY 2029\/2030.<\/p>\n

\u201cIndustrialisation in the next 10 years, is important for Uganda\u2019s structural and socio-economic transformation, which is underscored by the African Union agenda 63 and the Sustainable Development Goal 9, which focuses on building the resilience,\u201d he said.<\/p>\n

Mr Rugunda said Vision 2040 and the third national development plan prioritises sustainable industrialisation, which has seen the paved road network increase from 1000kms in 1986, to 20,000kms and the construction of Karuma and Isimba power dams to reduce the cost of manufacturing.<\/p>\n

Industrialisation<\/b><\/p>\n

Trade Minister Amelia Kyambadde castigated Ugandans over their laziness.<\/p>\n

\u201cMuch as Ugandans are educated, they are too lazy to think of setting up their own factories, thinking it is expensive to do so and yet simple factories like milling machines for maize and cassava, require adherence to hygiene standards for products to access markets.. . Everyone here has the potential to become an industrialist, even the farmer in the village,\u201d she said.<\/p>\n

According to the policy, some of the outcomes expected in the next 10 years include increased industry sector contribution to the GDP from 27.1 per cent in 2018\/2019 to 31.7 per cent in 2029\/2030. Manufacturing is expected to increase its contribution to GDP from 15.4 per cent in FY 2018\/2019 to 26 per cent in 2029\/2030.<\/p>\n

The ratio of manufactured products exported to total exports is anticipated to increase from 22.5 per cent in 2018\/2019 to 46.8 per cent in 2029\/2030.<\/p>\n

The policy also aims at reducing the ratio of manufactured products from 63.2 per cent in 2018\/1209 to 45 percent in 2029\/2030. It also anticipates to increase the share of jobs in the manufacturing sector from 9.8 per cent in 2018\/2019, to 15 per cent in 2029\/2030.<\/p>\n

editorial@ug.nationmedia.com<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. The United Nations Development Programme (UNDP) has advised government to use the national industrial policy launched yesterday, to tap into the 1.2billion African Continental Free market. Speaking at the launch, Ms Elsie Attafuah, the UNDP country representative, said Covid-19 has exposed certain realities in more developed countries which started looking internally for […]<\/p>\n","protected":false},"author":84,"featured_media":9678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12],"tags":[233,240,234],"class_list":["post-9679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nFocus on Africa free market, UNDP tells govt - Uganda<\/title>\n<meta name=\"description\" content=\"The United Nations Development Programme (UNDP) has advised government to use the national industrial policy launched ye ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/focus-on-africa-free-market-undp-tells-govt\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Focus on Africa free market, UNDP tells govt\" \/>\n<meta property=\"og:description\" content=\"The United Nations Development Programme (UNDP) has advised government to use the national industrial policy launched ye ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/focus-on-africa-free-market-undp-tells-govt\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-05T16:09:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2021\/05\/img-6092b86d80785.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/focus-on-africa-free-market-undp-tells-govt#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/focus-on-africa-free-market-undp-tells-govt\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Focus on Africa free market, UNDP tells govt\",\"datePublished\":\"2021-05-05T16:09:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/focus-on-africa-free-market-undp-tells-govt\"},\"wordCount\":463,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/focus-on-africa-free-market-undp-tells-govt#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2021\/05\/img-6092b86d80785.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/focus-on-africa-free-market-undp-tells-govt#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/focus-on-africa-free-market-undp-tells-govt\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/focus-on-africa-free-market-undp-tells-govt\",\"name\":\"Focus on Africa free market, UNDP tells govt - 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