Posted by: AFRICAN MANAGER
Reported investment in the industrial sector reached 1,404.6 MD in the first three months of this year, compared with 900.3 MD in the same period last year, posting an increase of 56%, according to the latest figures from the Agency for the Promotion of Industry and Innovation (APII).
The number of reported projects reached 1,216 in the first three months of 2017, compared to 1,024 in 2016, up 18.8%. These projects will create 20,748 jobs, compared with 15,071 jobs in 2016, an increase of 37.7%.
During the month of March 2017, reported investment in the industrial sector totaled 997.5 MD, compared with 308.9 MD in the first quarter of 2016, up 222.9%. In addition, the number of reported projects reached 611 in March 2017, compared with 412 in March 2016, i.e. a rise of 48.3%. These projects will create 12,626 jobs, compared with 6,409 jobs in March 2016, up 97%.