President Museveni has tasked investors to buy raw materials locally, a move he believes will increase employment opportunities among Ugandans, specifically the youth.
The President made the plea while commissioning modern tiles under the Modern Group of Companies. The firm’s mother company- Modern Group also produces organic fertilizers, luxury beverages, hand sanitizer, sugar, aluminum and modern distillers among other products.
Museveni said the factory will solve some of the country’s problems by saving it from the “ulcer “of importing.
“They are adding value to our products. Remember the waragi that was killing you? They are making sanitisers with it, “said Museveni.
Museveni pledged for more incentives to investors and reduction on the power tariffs so as to create a feasible atmosphere for investment in the country
“When you see the money going from Africa to other parts of the world through imports, you worry! We are importing toilet seats, bathtubs, ceramics, carpets, and curtains, this is incredible! It is criminal! We are exporting jobs! This factory alone has brought 1600 jobs directly, “he noted.
He said that he will engage his Kenyan and Tanzanian counterparts to forge a way on how to improve the transport network and make it cheap for Ugandans and business people in the region.
“We shall rationalize the transport chain by reducing the use trucks from Mombasa or Tanga because it is not smart, “he stated, attributing some of the causes of uprisings in some African countries to youth unemployment.
He said what the government is doing now is to set up as many factories as possible to ensure that the youth are employed and this, he said will help to prevent them from being diverted by economic and political saboteurs.
The Minister of State for Investment and Privatization, Evelyn Anite praised the head of state for creating a conducive environment that has enabled investors to set up big factories in Uganda. She said this has helped Uganda to develop economically.
The chairman at Uganda Investment Authority, Morrison Rwakakamba said the current government did not take on a revolution to serve only as leaders but also to revive the country’s economy which was as ‘good as dead’ by 1986.
“This factory and others are some of the fruits of the revolution,” he said.