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KAM CEO @wakiaga_phyllis - Fiscal policy needs to prioritize stimulating the economy as opposed to
maximizing government revenue
#𝗧𝗵𝗲𝗙𝘂𝘁𝘂𝗿𝗲𝗼𝗳𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆𝗣𝗼𝘀𝘁𝗖𝗼𝘃𝗶𝗱𝟭𝟵
In the short and medium term, governments should incentivise manufacturers and enterprises to get back into production in order to develop a basis upon which tax revenue can be generated - KAM CEO @wakiaga_phyllis
#𝗧𝗵𝗲𝗙𝘂𝘁𝘂𝗿𝗲𝗼𝗳𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆𝗣𝗼𝘀𝘁𝗖𝗼𝘃𝗶𝗱𝟭𝟵
KAM CEO @wakiaga_phyllis - To address the issue of supply gaps, there has to be commitment from COMESA states in enhancing local capacity to supply locally or regionally
#𝗧𝗵𝗲𝗙𝘂𝘁𝘂𝗿𝗲𝗼𝗳𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆𝗣𝗼𝘀𝘁𝗖𝗼𝘃𝗶𝗱𝟭𝟵
The legal and regulatory environment has to be supportive of the efforts to localize sourcing of raw Materials - KAM CEO @wakiaga_phyllis
#𝗧𝗵𝗲𝗙𝘂𝘁𝘂𝗿𝗲𝗼𝗳𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆𝗣𝗼𝘀𝘁𝗖𝗼𝘃𝗶𝗱𝟭𝟵
KAM CEO @wakiaga_phyllis - The tax regimes have to be friendly to local and regional suppliers and additionally, the market access conditions have to be favourable to regional trade
#𝗧𝗵𝗲𝗙𝘂𝘁𝘂𝗿𝗲𝗼𝗳𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆𝗣𝗼𝘀𝘁𝗖𝗼𝘃𝗶𝗱𝟭𝟵
Manufacturing in Africa is more labour intensive. Mechanization is yet to take place fully in Africa and for this reason, countries are unable to effectively compete in the global market - KAM CEO @wakiaga_phyllis
#𝗧𝗵𝗲𝗙𝘂𝘁𝘂𝗿𝗲𝗼𝗳𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆𝗣𝗼𝘀𝘁𝗖𝗼𝘃𝗶𝗱𝟭𝟵
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