Trade ministry wants 32 new manufacturing companies by 2022

Friday, February 12, 2021

Bubbling under: The country's manufacturing sector struggled over the years PIC: MORERI SEJAKGOMO

The Ministry of Investment, Trade and Industry has set itself a target of seeing 32 new manufacturing companies set up in the country by March 2022.

This will be part of a broader goal to have 2,400 new businesses established within the same period, Mmegi has learnt.

The targets are contained in the 2021-2022 estimates released this week, which provide a Pula-by-Pula breakdown of how different ministries will spend their allocations from the recently unveiled budget. The targets cover the financial years 2020-2021 to 2021-2022, but were only made public in this week’s estimates.

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Trade ministry wants 32 new manufacturing companies by 2022

The Ministry of Investment, Trade and Industry has set itself a target of seeing 32 new manufacturing companies set up in the country by March 2022.