January 19, 2023 11:13 am
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Why Local Content is growing slowly (New Vision 19th January 2023, pages 21&22)
Information available indicates that there are many business opportunities in the construction Sector. The sector takes the biggest percentage of the national budget, and thus, the need for transparency, to ensure that there are positive returns out of the investments. It is challenging that, disclosed data has revealed that 99.7% of the contracts in the year 2020 went to local firms with 0.3% going to foreign firms, but, shockingly, the 0.3% contracts cost the highest amount compared to those given to local firms, in fact the Chinese firms took the highest budget. Government is encouraged to categorize disclosed data to inform the sector analysis and understand who actually benefits from infrastructure investments.
Read this article by New Vision for details why-local-content-is-growing-slowly-new-vision-19th-january-2023-pages-2122