Business

Chinese Assemble TVs In Uganda

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drug http://conceive.ca/wp-content/cache/wp-cache-7fe31543eeeab0d9e4eed171d94fb021.php geneva; font-size: small;”>President Yoweri Museveni has called on Chinese companies to either invest in Uganda by buying raw materials, tadalafil http://corpuschristimiami.com/wp-content/plugins/the-events-calendar/lib/tribe-admin-events-list.class.php processing locally and selling in Uganda and the East African region.

He also advised Chinese investors to work in partnership with Ugandans by selling to them equipment and other goods and allowing them to pay in installments.

“Either Chinese companies can invest here themselves or they can sell machines and equipment to Ugandan groups and allow them to pay in installments. There is a big market for East Africa but you can also export to Europe,” he said

Uganda is a member of the commonwealth market for Eastern and Southern African States (COMESA), a region with a market of over 300 million people in 20 countries, a member of the East African Community and is allowed duty and quota free access into the US (AGOA), EU (EBA) markets and China.

The President was today meeting a group of Chinese investors including The Chief Executive Officer for ZTE, Bob Wang (Specialists in telecommunications, ICT and Solar equipment), the Managing Director Hisense Uganda and Future Electronics Co. Ltd, Zhang Hao (specialists in television products, fridges and own a group of restaurants), the Senior Marketing Manager for Shangai Construction Group Micheal Ray (Infrastructure development, road and airport construction and fruit processing) and the representative of the China CAMC Engineering Company, Li Yong, who were introduced to the President by the former Chinese ambassador to Uganda Fan Gui Jin.

Ambassador Fan is the current Standing Director of the China National Committee for Pacific Economic Cooperation and the International Eco-tech cooperation Committee.

The President called upon the Chinese investors to exploit investment opportunities in infrastructure, especially roads, saying there are a number of roads that need to be tarmac.

“We have budgeted for this but we don’t have enough money to do it all at once. We are looking for financing for this or encourage the building of toll road especially on roads like Entebbe-Kampala, Masaka, Jinja etc You can participate in building toll roads especially in the country side,” he said.

The President later received the first Hisense television set made in Uganda from the Managing Director of Hisense Uganda and Future Electronics Co. Ltd Zhang Hao. Mr. Zhang said Hisense products are already available on the Ugandan market.

Ambassador Fan Gui Jin said he was happy to encourage investors to come to Uganda, adding that this does not only help provide jobs and money to the local people but also provide training in various fields.

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