Chinese investments in Uganda are now estimated to be in the region of one billion dollars.
The investments are in key sectors like agriculture, manufacturing, oil and gas, infrastructure, and industrial park development.
Addressing the media in the Lake Albert Basin, the Chinese Ambassador to Uganda, Zhang Lizhong, said under the leadership of Uganda’s President Yoweri Museveni and his Chinese counterpart Xi Jinping, political trust and high-level exchanges have significantly deepened, creating fertile ground for economic cooperation.
He said: “China and Uganda have enjoyed a long-standing friendship, and in recent years we have elevated our relations to a strategic partnership with more cooperation in infrastructure, trade, industrialization, and human capital development.
Ambassador Lizhong said the strong partnership has seen the removal of trade barriers for Ugandan goods, allowing exports like fish and other agricultural products to enter the Chinese market duty-free.
The partnership is also seeing investments in renewable energy, with the latest projects being in bamboo plantations and processing.
China is also continuing to invest in human capital development by offering opportunities for Ugandans to acquire technical skills through scholarships and short-course training programmes.
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