On Aug.24, President Yoweri Museveni commissioned 16 factories and made a groundbreaking for another nine at Sino Uganda-Mbale Industrial Park in Mbale City.
“You remember this site here was a bush some years ago but now we have a labour force of 2,000 with 36 factories here… all this is because of policy decisions but policy decisions using our resources because the stimulus which brings investors here is the market,” Museveni said.
The Sino Uganda-Mbale Industrial Park has 36 factories composed of; 20 factories in operation, one factory destroyed by fire, five factories under construction, and 12 at a stage of assembling plant and machinery.
Museveni said there is a conducive environment for supporting investments in the country and that the market for goods and services was available.
He explained: “These investors have spectacles that enable them to detect where there is money. It is upon us to provide a conducive environment that enables whoever wants to invest to come. That is our role. With a proper policy, everything does itself, that is why a person you least know about approaches you that they want to set up a textile factory. They do this because they know Ugandans must dress up and they have the required raw materials here needed to produce clothes. Then that is how government comes in to catalyse the process by providing electricity, peace, roads, and other needed infrastructure.”
He added that investors have a market for Ugandans of 46 million and on that, “we add the East African market of 130 million people as well as the African market of 1.5 billion people…all those people have needs which should be got using money from their pockets.”
The Ambassador of China to Uganda H.E Zhang Lizhong said China and Uganda are working together to implement the nine programs announced by President Xi Jin Ping of China in the latest China – Africa Summit.
I also thank our Chinese friends for encouraging investments in Africa.
I particularly want to thank the investors who invested in textiles because they have given us strength to get rid of second hand clothes and most importantly, given jobs to our youth. pic.twitter.com/trIuKoqZTk
— Yoweri K Museveni (@KagutaMuseveni) August 24, 2023