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Home Business $630Million Free Zone trade commissioned between Uganda & China

$630Million Free Zone trade commissioned between Uganda & China

by James Ateenyi

Museveni has today Commissioned the first phase of the Uganda-China Free Zone of International Industrial Cooperation project in Tororo.

This phase includes an office living base, mineral dressing plant, phosphate fertilizer plant, unbaked block plant, machine repair centre and a laboratory centre.

According to Economics classes at high school, We learnt about the four factors of production; land, labour, capital and entrepreneurship. While Uganda is endowed with natural resources and affordable labour, we do not have much capital nor entrepreneurs . This is where the partnership with China comes in handy.

I thank the Chinese government for support extended to us through investors like Guangdong Dongsong Energy Group, which was mobilised by Ugandans living in China and their counterparts living here to come and establish this project. M7 said

The Chinese government does not only support these money-making projects, but also supports infrastructure. These factories need electricity and the Chinese have supported us in the construction of Isimba and Karuma dams.

I am told that when operating at full capacity this Sukulu factory needs 120 megawatts, which is nearly all the power currently generated at Owen Falls Dam (180MW). That is why the government intends to construct more dams. Museveni added

Uganda will undoubtedly become prosperous but we must fight corruption. Those engaged in corruption will have to be dealt with. They disturb investors like parasites. We should to lock them up. It is a simple fight once we have evidence.

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