Mbabazi Woes Chinese Investors To Invest In Uganda


dosage geneva;”>He said those to access the incentive would include investors in Information and Communication Technology, agro-processing and mineral beneficiation, a process whereby the value derived from mineral exploitation and processing benefits the local communities.

Mbabazi was marketing Uganda through a PowerPoint presentation he delivered at the Uganda-China Business Forum at Diaoyutai Hotel in Beijing, China on Thursday.

He briefed participants on other investment incentives, including a 10-year tax holiday for selected investments and abundant competitive labor.

“We seek partnership with China in our transformation agenda,” he said.

The NRM Secretary-General led a delegation of the Party leaders on the on-going week-long working visit to China at the invitation of the ruling Communist Party of China (CPC).

Among the members present at the National League chairpersons are Jacqueline Mbabazi (Women) and Charles Bakabulindi (Workers), and the Commissioner for Patriotism Clubs in the President’s Office, Lt Col. Henry Masiko.

At least 30 companies involved in different sectors participated in the Forum that was organized by the China-Africa Joint Chamber of Commerce and Industry.

The sectors included Agro-processing and Manufacturing, Energy, Construction, Real estates and Services such as tourism and hospitality.

Ai Ping, the CPC’s vice minister of the International Department, noted that his country and Uganda had maintained trade cooperation since 1962. He said the number of Chinese companies operating in Uganda had risen to about 310, up from 13 during the period.

Later Mbabazi held closed talks with Li Keqiang, the Prime Minister of the State Council of China and member of the CPC Political Bureau Standing Committee. The talks at the Great Hall of the People, the national parliament were also attended by Uganda’s Ambassador to China, Charles Wagidoso.

During the Forum, the Joint Chamber’s Secretary General, Gao Wei said, the organization was determined to create more investment opportunities in Uganda.

Mbabazi also defended China against alleged involvement in the new scramble for Africa, saying there is justification for China to invest on the continent because that is where more than 60 percent of arable land, in addition to other resources, in the world is.

“Africa has a lot of resources that are lying idle yet we had colonialists who did not help us to harness them,” he said.

“If China can lead Africa’s transformation agenda by assisting us to exploit them then let it be,” he added.

Mbabazi outlined the prevailing enabling environment in Uganda since 1986. It includes tax and law reforms, removal of government control on prices and interest rates, liberalization of capital accounts, and the divestiture programme that released public businesses into private enterprise, among others.


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