President Yoweri Museveni has invited more Chinese investors into the country, saying that the potential for cooperation between China and Uganda is so vast with many investment opportunities in agro-processing, mining and industrialization sectors.
Museveni was speaking at meeting with the visiting Chinese Hunan Province Governor Xu Dazhe and his delegation that called on him last evening at State House, Entebbe.
The president informed his guests that Uganda produces a lot of coffee, fruits, cassava and sim-sim and wants to set up industries to process the food products to add value and create job employment opportunities.
"The potential for cooperation between China and Uganda is big. What we want is a reliable market for agro-products. Once we have the demand, we can produce whatever is needed" he said.
Citing coffee, Mr. Museveni said its production has grown from 2.8 million bags to 5 million bags today with an aim of producing 20 million bags in the near future.
He, therefore, urged the Chinese investors to set up factories that make machine tools needed by other factories. "We need to produce machines for different factories here and for the region," he said.
Governor Dazhe said that like Uganda, Hunan Province is very strong in agriculture and presents many opportunities for cooperation with Uganda in that sector in order to achieve a win-win result for the two countries.
