Uganda Holds Investment Promotion Seminar in China – ChimpReports
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Uganda Holds Investment Promotion Seminar in China

VP Ssekandi addressing investors in China

A Uganda Investment Promotion Seminar was on Thursday held in Chongqing, viagra http://clovellysurfclub.com.au/wp-content/plugins/wp-e-commerce/wpsc-merchants/testmode.merchant.php China in a bid to woo Chinese investors to consider the many opportunities in the country.

The team from Uganda is led by the Vice President, sales Edward Kiwanuka Ssekandi and comprises officials from the Uganda Investment Authority (UIA), patient promoting 14 projects worth 6 billion USD to Chinese potential investors.

The projects include crude oil export pipeline development, Kampala rapid highway system, Iron ore processing, geothermal exploration and development among others.

According to the UIA Director Lands Development, Mr. Hamza Galiwango, who is in China H.E Sekandi has welcomed  Chinese enterprises to invest in Uganda for export, citing the availability of industrial parks being established all over the country.

Mr. Galiwango detailed a series of reasons to invest in Uganda such as political and social stability, rich of natural resources, high quality of labour force.

He also assured the potential investors of security of their investment since Uganda has signed a number of strategic business and trade agreements with various countries. He highlighted investment opportunities in transportation, agriculture, tourism and energy.

In recent years, China has conducted a series of projects in the sector of infrastructure including Entebbe International airport, the Nationals Information Communication Hub Network and Hydro-power projects. Uganda embassy officials, who were attendance, also pointed out that these projects have not only created employment opportunities for Uganda, but also increased its national income as well as enabling the flow of China’s capital and technology to Uganda.

According to investment data from Uganda Investment Authority, China has for the last three years topped the list of the top ten foreign direct investment sources in Uganda.

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