We want business partners – chinese investors

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Uganda National Chember of Commerce Ms Olive kigongo, right, with Chinese investors at the expo Tuesday July 24, 2019. (PHOTO: CHEN HAI)
Chen Hai Public Relations Manager China Railway Seventh Group

By Chen Hai

Public Relations Manager

China Railway Seventh Group

LUGOGO – The ongoing expo by companies from Chinese in Uganda capital Kampala is aimed at exploring investment in a wide range of industries including engineering machinery, energy equipment, agricultural processing products and equipment, automobiles and among others an opportunity for Ugandan to take advantage off.

As Chinese investors in Uganda, we have in the past been accused of grabbing all business including petty jobs on the streets down town.

This first China-Uganda Industrial Capacity Cooperation Exposition calls to forge partnerships. We have forty-three enterprises from 12 Provinces in China participating in the expo seeking to explore investment opportunities in the east African countries.

We are looking for partnerships or call it joint ventures and as well as opening new firms for a mutual business environment in the four-day expo from 23 to 26 July.

China is Uganda’s second-largest trading partner but with the latter’s exports standing at a mere $57.7million and imports at $886.2m by 2017, there seems to be one beneficially.

The Chinese experience will bring new opportunities to fast track Uganda’s industrialization that Ugandans should grab with both hands before other countries get hold of it.

Talk of technology or skills transfer or any other factor to accelerate industrialization.

As China Railway Seventh Group, who have been in Uganda for a couple of years especially in upgrading several Kampala city junctions, Mbarara Byepass and Fort Portal Kamwenge road, we have trained over 2000 Ugandans in modern road construction technology. We are moving to embark on another road project in oil field in Hoima where atleast 500 locals will be trained.

Business representatives and exhibitors attending the expo have in-depth exchanges, establish contacts and explore opportunities for development cooperation.

We as investors are working closely with the Ugandan government to implement the eight major initiatives that China announced last September at the Beijing Summit of the Forum on China-Africa Cooperation. The initiatives cover fields such as industrial promotion, infrastructure connectivity, trade facilitation, and green development.

The expo is a platform to deepen the business cooperation between China and Uganda.

Apart from construction of road in Uganda, we trade in Tanzania, DR Congo and Senegal where have passed on the same massage partnership unlike other developed countries who advocate for abnormal loans.

I strongly urge all enterprises participating in this exposition to take advantage and realize serious business interventions related to the establishment of concrete trade and investment.

Uganda is a developing country and one of the key areas to tackle in the vision 2040 is industrialization. So this expo will bring in investors from China and different companies hence need to partner with them, have joint ventures, attract them to establish industries here and through that, we shall have skills development, produce quality goods,” he said

It will also improve on local quality assurance of products and well-packaged products, thus globally which is one way of helping in buying Uganda and bringing in dollars and many other currencies,”

In conclusion, we are here to not to exploit Ugandans but to do fair trade with our brothers and sister Africa, many have misunderstood us.

 

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