President Yoweri Kaguta Museveni has told a delegation of visiting Chinese investors that Uganda is looking for reliable markets for agro products.
Museveni told the delegation led by Chinese Hunan Province Governor Xu Dazhe that Uganda has the capacity for agricultural produces if demanded. The president, according to a State House statement issued on Friday met the delegation last evening at State House, Entebbe.
Museveni told the delegation that Uganda produces a lot of coffee, fruits, cassava and sim-sim and wants to set up industries to process the food products in order 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.
Museveni told the Chinese delegation that Uganda is so vast with many investment opportunities in agro-processing, mining and industrialization sectors.
Citing coffee, the President 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.
According to Uganda Coffee Development Authority (UCDA) statistics, national coffee production increased by 1.3 million bags in 2017 compared to 2016. Uganda is the second largest coffee producer after Ethiopia in Africa.
On mining, the President said that government was in the process of modernizing its mineral laboratory so as to supply the local industries.
“We used to produce copper here during the British times but it was processed only up to 94% and the copper ingots would not be used in our transformers. We would end up exporting copper ingots and importing more processed copper to come back to our factories,” he said.