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Analysts said the figures point to continued momentum in the sector.

Analysts said the development could shift the narrative ahead of the next legislative session. The announcement, which had been anticipated for weeks, drew immediate reaction from stakeholders across the industry.

Sources familiar with the matter cautioned that negotiations remain fluid and may extend through the week. Several key details are still being finalised, and officials declined to comment on specific timelines.

Market participants parsed the statement for signals on timing, scope, and enforcement mechanisms. Early trading suggested a cautious but optimistic outlook among investors who had been waiting for clarity.

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Community leaders welcomed the announcement but pressed for clearer timelines on implementation. "We have been waiting for this for a long time," said one local organiser. "Now the real work begins."

The move follows months of reporting that highlighted structural pressures across the sector. Observers noted that the response represents a significant shift in approach from previous years.

Experts said the broader implications will depend on how the policy is executed over the coming months. "This is a moment that could define the trajectory of the industry for a generation," one analyst added.