President receives Chinese entrepreneurs

Chinise Deputy Speaker of Parliament Han Qide (left) with President Yoweri Museveni after a meeting at State House, right is Deputy Speaker of Parliament Jacob Olanyah at State House Entebbe on Oct. 10,2012 President Yoweri Museveni has met and held talks with a visiting group of Chinese investors whose investment portfolios are under the aegis of the Prospero Global Projects Ltd and Guangdong Foreign Construction Company Ltd.

During the meeting that took place yesterday at State House Nakasero the group’s Chairman and Chief Executive Officer, Mr. Billy Cheung, said that they are engaged in mainly in real estate and construction, among other projects, in Africa.

President Museveni, who extended an invitation to the group of Chinese companies to come and invest in the country, urged them to engage in additional business enterprises so that trade between China and Uganda, especially in the area of agro-processing, that is still largely unexploited, is also looked into. He emphasized that Uganda needs processing factories saying that the country must work to ensure that there is no more export of unprocessed products which makes the country in general and the farmer individually lose value and money to the outside world. 

He re-assured entrepreneurs of Uganda’s potential in terms of raw materials and market saying that there is no way one can go wrong by investing in the country.

The Chinese entrepreneurs expressed their readiness to invest in the country citing good leadership and condusive atmosphere for the business to thrive.