Multinational - Accelerating sustainable and inclusive industrialization in the EAC

The Bank proposes to support the implementation of the proposed project through a FAPA grant and reiterates the project's transformational impact in catalyzing industrialization in the EAC region through promoting the private sector. The proposal is aligned with the Bank Group’s Strategic Priorities “Industrialize Africa” and “Integrate Africa” High-5s as well as the EA-RISP (2023-2027), strategic objectives that include acceleration of structural transformation. Under priority area 2, the EA-RISP, prioritizes both the development of RVCs and facilitating trade which are at the core of the project proposal. The project aligns with the EAC region’s vision 2050 that identifies industrialization as one of the Pillars.