The government has introduced a range of incentives targeting the manufacturing and retail sectors as part of a broader strategy to accelerate industrial growth and attract investment, a senior official has revealed.
Industry and Commerce ministry permanent secretary, Thomas Utete Wushe, said the support mechanisms, including the Industrial Development Fund (IDF) and ongoing ease of doing business reforms, are designed to stimulate business activity and unlock the full potential of local industry.
“Opportunities for growth are abundant across the manufacturing sector, the retail space and in export markets,” Wushe said.
“What is critical is for entrepreneurs to identify gaps within these sectors and align their business models to national development priorities.
“Under the second republic, government is deliberately creating an enabling environment for businesses to thrive through targeted support programmes such as the IDF.
“These interventions are meant to unlock the full potential of local industry and promote competitiveness.”
Wushe also stressed the importance of strengthening linkages between the government, the private sector and academic institutions, noting that collaboration remains key to driving innovation and sustainable industrial growth.
“There is need for strong synergies between government, industry and academia to ensure that knowledge, skills and innovation translate into tangible economic outcomes,” he added.
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He said the government has prioritised industrial growth and private sector development as part of its broader economic transformation agenda, with a focus on value addition, import substitution and export diversification.
