UIA hosts a Chinese delegationBy Uganda Investment Authority
Uganda Investment Authority earlier today hosted a delegation from China led by Mr. Michael Tsung Run, the President of an investment firm known as Agape Foundation. He informed that the fifteen Chinese delegates were in East Africa to explore both investment and trade opportunities and specifically visited Uganda to discuss the possible interested areas of investment and infrastructural development in Uganda.
Eng. Dr. Frank Sebbowa welcomed and encouraged them to invest in the currently targeted sectors of agro processing, mineral processing, tourism and Oil and gas. They selectively chose their opportunities of interest basing on their areas of expertise. These include:
Energy– they expressed interest in generation, transmission and distribution of electricity in different cities and communities.
Coffee industry– China being identified as the largest consumer of east African coffee attracts them to process Ugandan coffee and export to the Chinese market
Textile industry- Need to establish Chinese partnerships in the textile industry to strengthen and extend the economic potential of this industry.
Large scale structural projects like roads, dams, ports airports etc. this is to improve the flow of goods and services within and outside East Africa.
Dr. Sebbowa appreciated and encouraged them to build partnerships with the local Ugandan business people and produce for the local and export market instead of trading back home.