Sunday, 25 September 2022

In Industry

With a population of 177 million citizens, of which over 22% is urban population, there is vast opportunities for clothing makers and retailers to invest in East Africa. There is currently a yearly growth rate of 5.5% in the East African Community (EAC), making Africa the fastest growing region in the world, with predicted growth rate of 4.2% in 2013–2014, according to the Pensions & Investments (PTI).

Hosting Mount Kilimanjaro, and the Serengeti National Park, Tanzania is one of the most popular destinations for Tourists globally, and for decades has increasingly become a major sector in the economy. The economic policies and government to support tourism have been nationally emphasised because Tanzania is blessed with the natural resources which attracts the tourists across the continent and globe.

Since 2019, Rwanda has gone a step further into improving the flow of foreign currency receipts by investing in Gold Refinery for the benefit of the economy and the people. Rwanda opened its first gold refinery to process gold from all over Africa and to discourage the export of the minerals from the continent. The new refinery, built at a cost of $5 million by Aldango Company is located at the Kigali Special Economic Zone in Gasabo District.

Cabanga Media Group publishes of thoughtful economic and business commentary magazines and online media, in several African markets, that include South Africa, Botswana, East Africa Community, Ethiopia, Egypt, Nigeria, and Zambia.