President urge Chinese entrepreneurs to make more investment in Uganda

YarnsandFibers News Bureau 2016-04-19 15:00:00 – Kampala

Uganda is ready to partner with anybody as far as business enhancement in the country is concerned. In this connection, President Yoweri Museveni has urged Chinese entrepreneurs to invest more in the Ugandan economy especially in areas of textile, agriculture and energy among others. Partnership between Africa and China would be good for development.

The President had a meeting with delegation from China-based Kazoza Financial Group, led by the Group’s Chairman, Mr. Michael Yu, at State House, Nakasero.

The Minister of Works and Transport Mr. John Byabagambi, of State for Agriculture, Mr. Vincent Ssempijja and officials from Uganda Investment Authority (URA) and the Ministry of Energy and Minerals, were present at the meeting.

President Museveni informed his guests that Uganda is very rich and has abundant natural resources. He called on the Group to invest in the country and tap into the still unexploited business opportunities that Uganda offers.

The Chinese entrepreneurs expressed happiness to be in Uganda and assured President Museveni that they are ready group and readiness to come and invest the country.

Kazoza Financial Group is largely involved in promoting economic partnership between China and the East African region especially in textile and energy sectors, among others.

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