Uganda Wants More Chinese Investment

Uganda Wants More Chinese Investment

Kampala — The government recently expressed appreciation for Chinese support in helping develop infrastructure in the country and asked for more.

In talks with Yang Jiechi, the State Councillor of the People's Republic of China, Prime Minister, Dr Ruhakana Rugunda said, "Uganda as country, we encourage China to boost financing of infrastructural development which is a major development obstacle in Uganda and most of sub-Saharan Africa, to unlock the country's and region's economic potential."

Jiechi said, "China is committed towards supporting Uganda's development agenda. Our major task will be on striving to consolidate political economic and cultural promotion among the two countries."

About two years ago, President Yoweri Museveni met with his Chinese counterpart, Xi Jinping in Durban, South Africa. The two agreed to strengthen bilateral economic and trade cooperation on the basis of mutual benefit. About two years ago, President Yoweri Museveni met with his Chinese counterpart, Xi Jinping in Durban, South Africa where the two principals committed themselves to strengthening bilateral economic and trade cooperation on the basis of mutual benefit.

Dr. Rugunda asked for continued Chinese government support in revamping Uganda's roads and railways, which are vital for sustaining economic growth.

The Chinese are currently involved in building a new expressway to Entebbe International Airport from Kampala and the proposed 600MW Karuma hydro-electric dam.

After meeting the Premier the delegation also proceeded to Entebbe State House where they met the head of state President Yoweri Kuaguta Museveni. According to the press statement from State House the president assure the victors that the relationship between the two countries are strong.