State Minister for Industry Trade and Cooperatives, Hon David Bahati, has commended Chinese investors for their significant contribution to Uganda’s industrial growth.
Minister Bahati made the remarks while speaking as a Chief Guest at the Standard Chartered Chinese Business and Appreciation Dinner at Sheraton Hotel in Kampala.
The Minister noted that over 90 Chinese industries have been established, with 70 operational and this has led to the creation of more than 15,000 jobs in the country.
Hon Bahati said as Uganda pursues its Tenfold Growth Strategy, stronger Uganda-China partnerships in manufacturing,value addition and exports are critical.
“Let us move from trading to manufacturing, and from transactions to transformation,” Minister Bahati noted and called for deeper investment that drives industrialization and export led growth.
The Standard Chartered Bank Uganda hosted its annual Chinese Business and Appreciation Dinner in Kampala where Chinese investors and business leaders were honored for driving industrial growth in Uganda.
During the event, strategic discussions were held and centered around advancing the 10-fold economic growth strategy by shifting from basic trading to local manufacturing, value addition and exports.
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