By Stephen Wandera
MUKONO, President YowerI Museveni has assured Chinese investors security to enable them do business in Uganda a key factor to create employment and economic growth. The President’s pledge follows recent attacks on investors that left them robbed by thugs. Since then, several police and army officers have been deployed to guard foreign investors.
“Uganda has peace, there has been some crime but it has been handled. We are going to install cameras whole country wide. Those who have been doing unnecessary things, I will be able to see from Entebbe (State House),” he said.
Uganda’s capacity is big, we can mobilize very fast if you want to bring trouble, the President told Chinese investors while commissioning nine factories owned by foreign and local investors in Mbalala, Mukono district March 9th 2019. “I welcome you to Uganda; you are in the right place at the right time.”
He promised to lower electricity tariffs to US$ 5 and cheap transport when the standard guarge railway is constructed linking to Kenya, Rwanda, Democratic Republic of Congo and South Sudan. The pledge followed a complaint from Royikem Industries Ltd, chairman, Nyanzi Ronny.
“Our business is growing but we still have a challenge of cheap capital,” he said.
President Museveni also promised to lobby East Africa Community states to increase import duty on motorcycle spare parts from the current 10 percent to 25 percent to boost local production.
Tiang Tang Group, general manager, Paul Zhang hailed President Museveni for providing them security and promised to bring more Chinese investors to Uganda.
The Chinese firms donated an a sortment of items to its workers and Mukono district officials.