Govt reviews 'stagnant' EDD

Wednesday, August 21, 2019

Investment, Trade and Industry minister, Bogolo Kenewendo

The Ministry of Investment, Trade and Industry has engaged consultants to overhaul the eight-year-old Economic Diversification Drive (EDD) after noting issues around stagnancy.

EDD is an initiative under which government uses its purchasing power to enhance local production and consumption through local procurement.

However, officials said the initiative had stalled, accounting for only 53% of government’s procurement.

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Govt reviews 'stagnant' EDD

The Ministry of Investment, Trade and Industry has engaged consultants to overhaul the eight-year-old Economic Diversification Drive (EDD) after noting issues around stagnancy.