President Museveni has assured investors of Uganda’s stability and security also giving them assurance that government will see to it that costs of electricity are lowered.
He said 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.
The president was speaking at the commissioning of five factories in Mukono district.
“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,” he added
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.
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.
