Business

China-Uganda Expo to “Improve Uganda’s Industrial Capacity”

Uganda is set to host the China- Uganda industrial capacity cooperation expo in Kampala from the 23rd to 26th July 2019 at the UMA show ground.

The Expo, the first of its kind in Uganda, and third in Africa is organised by the China Council for the promotion of international trade (CCPIT) in collaboration with China Development Fund, Uganda Investment Authority (UIA) and Uganda National Chamber of Commerce (UNCC) mainly to enhance trading and investment collaborations between Uganda and Chinese business communities

The expo his hoped to act as a platform for governments, businesses and trade circles between China and Uganda to work hand in hand, to promote trade and investment.

It will also provide an opportunity to showcase many products and a platform for events designed to enhance networking and information exchange between Chinese and Ugandans enterprises

Speaking during a press conference held Wednesday at Kampala Serena hotel to give an update on the expo, Nkuutu K Mubarak, the Director Membership service at the Uganda Manufacturers Association (UMA) noted that for Uganda to move away from becoming just a supermarket for other countries goods, there is need for stronger collaborations and partnerships with countries and companies that have advanced in manufacturing and value addition

“Uganda manufacturing sector right now is at its infancy stage. This kind of expo will go a long way in skilling Ugandans and enlightening Ugandan manufactures of what it takes to successfully manufacture and export goods. A China-Uganda collaboration will go away in improving our competitiveness on the global market” he said

Kabagambe Steven, the Ag. Secretary General UNCC said, “The government has purposely created a conducive environment for Ugandan manufacturers through the BUBU policy. However, there are still many challenges for the private sector like lack of advanced skills, financing and marketing strategy that are necessary to take the Ugandan manufacturing sector to another level. Collaborations and partnerships with the Chinese will go a long way in helping Ugandan manufactures to improve” he said

China has increasingly shown interest in Uganda’s investment sector. Hundreds of Chinese companies are already investing in infrastructure, ICT, Manufacturing, agriculture education, hospitality in different parts of Uganda.

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Ju Weipeng, the acting Country Manager, China Communications Construction Company Limited said more Chinese companies are seeking to invest in Uganda because of the economic potentials that Uganda has.

“This kind of expo will expose more investment and market opportunities for Chinese and Ugandan entrepreneurs. It will also strengthen the relationship between the two countries” Weipeng said

The expo is expected to attract over 43 enterprises from 24 provinces and cities in China in areas of engineering machinery, energy equipment, agricultural processing products and equipment, automobiles among others.

This will be the third time that CCPIT will be holding a China-Africa Industrial Capacity Cooperation Expositions having held one in Kenya in 2017 and Ethiopia in 2018.

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