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In Summary
At least 270 Chinese companies have opened up multi-million dollar businesses in Uganda and over 60 Chinese development finance projects are under implementation, creating about 30,000 jobs in diverse sectors
Government is considering preferential industrial electricity tariffs for big projects as a part of measures to attract more investments in the economy Prime Minister, Dr Ruhakana Rugunda has said.
Dr Rugunda said the economy is growing modestly but if big industries were subjected to discounted tariffs, more would come up in industrial parks that the government is establishing countrywide.
Dr Rugunda was meeting the Chinese Ambassador to Uganda, Zhao Yali, thanking the Chinese government for supporting capital-intensive development projects in the country. The Ambassador had paid him a courtesy call at his office.
The leader of government business reiterated that the government’s commitment to revamping infrastructure, including timely completion of Entebbe Expressway, expansion of Entebbe Airport and construction of the planned standard gauge railway is to boost transport, tourism and other sectors.
“We want to see Chinese tourists here but their numbers are still low. If the country is opened up with more and better roads, electricity and other infrastructure we shall see more investments and solutions to unemployment,” he said.
“We would like to see our country develop capacity to produce cement, steel and other products that are required in the construction industry, and there should be no reason why we cannot achieve a growth rate of 12 percent and above,” Dr Rugunda added.
Ambassador Yali pledged more support to Uganda, saying his government had set aside US$30m for construction of a vocational training institute in Kampala Business Park, Namanve to service industries that are coming up as part of that support.
Mr Yali noted that in addition to funding Karuma, Isimba and Ayago hydropower projects, China would finance the proposed expansion of Entebbe International Airport.
He called for speedy implementation of oil and gas projects, including the proposed oil pipeline, and robust tourism promotional activities to attract large numbers of Chinese tourists.
Dr Rugunda and Mr Yali also discussed other issues of bilateral interest, including work permits for Chinese nationals.
At least 270 Chinese companies have opened up multi-million dollar businesses in Uganda and over 60 Chinese development finance projects are under implementation, creating about 30,000 jobs in diverse sectors.
