Question NW1542 to the Minister of Trade and Industry
07 June 2017 - NW1542
Hill-Lewis, Mr GG to ask the Minister of Trade and Industry
(1)With reference to the 46 projects that have been approved for the Black Industrialist Programme, as announced in his budget speech in the National Assembly on 23 May 2017, what (a) are the names of the (i) companies and (ii) beneficial owners of the specified companies who will benefit from this programme and (b) does each of the specified companies produce?
Reply:
The Black Industrialist Policy was approved by Cabinet to support black entrepreneurs in the manufacturing sector of the economy, who have the potential to grow, invest and create jobs. These entrepreneurs must have identified an opportunity, own industrial capacity and are providing long term strategic and operational leadership to their business. The scheme focuses on sectors we believe are the corner stones of the country’s economy now and in the future as identified in the IPAP.
The names of the approved black industrialists will be published along with all the beneficiaries of incentive programmes for 2016/17 following the annual audit by the Auditor-General.