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Uganda is very stable, says President Museveni

Elisha Z. Bwanika by Elisha Z. Bwanika
6 years ago
in Business, CEOs & Entrepreneurs,, National, News
10 1
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Presidnet Museveni believes Uganda is a far more stable country that what most people portray it to be.

The Presidnet, who spent better part of Saturday touring factories in Mbalala, Mukono and later commissioned a bus-assembly plant in Namanve, Wakiso, said there was no way a trouble maker would survive in today’s Uganda.

“All these developments are happening because of the government’s deliberate move to create an enabling investment environment. Recently, some criminal elements were trying to sow fear among our investors but we are handling that,” he said.

“Uganda is stable. I have said before that those who try to destabilize our country do not know our capacity. It is big. Once we mobilise, you cannot survive if you are a trouble-maker.”

Mr Museveni seemed to be hitting at his Rwandan counterpart, Paul Kagame who has previously said Uganda has been arresting and improvising Rwandans on the advice of the Lt Gen Kayumba Nyamwasa-led Rwanda National Congress.

“When I hear somebody say no one can destabilize their country, I agree. No one should actually be destabilizing that country but that country should also not be destabilizing others, I think it is a fair deal,” Kagame is quoted as having said during the annual Rwanda Leadership Retreat.

Museveni insisted that Investing in Uganda is a correct decision because it is the right place and this is the right time for production, with a growing market to absorb the products while the government continues to better the infrastructure.

“We are making progress. Parliament has just passed the Minimum Wage Bill. But wage must be linked to the cost of production and negotiated scientifically not emotionally. To help lower production costs, the government is pushing for more electricity generation and sold cheaply, working on rail and water transport while offering cheap credit through the Uganda Development Bank,” he added.

In Mbalala, the President commissioned five factories; Royikems Industries (mattresses, plastics), Landy Industries (sandals/shoes), Sino Textile (blankets), CCLE Rubber Company (rubber, lubricants) and Tian Tang Industries (mattresses, steel). Mbalala-Mukono area has over 40 factories, employing at least 50,000 people.


Do you have a story in your community or an opinion to share with us: Email us at editorial@watchdoguganda.com
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