News

Leave Investors Alone – Museveni Tells Squatters

President Yoweri Museveni has directed the remaining squatters occupying land earmarked for the construction of factories at the Industrial park in Mbale to vacate and allow for development and job creation.

The President was on Thursday speaking during the official launching ceremony of Sino-Uganda Mbale Industrial Park in Bungokho South Constituency.

“Those left must go and should accept the money they were offered in order to allow development to take place. If you were to plant cassava in this 600 acres how much would you get? But if factories are built, you will get much more money than the cassava and more jobs will be created,” he said.

The President was accompanied by the Chairman of Sino-Uganda Mbale Industrial Park Paul Zhang, the Minister of State for Investment Hon. Evelyne Anite, Uganda’s Ambassador to China Dr. Cryspus Kiyonga and local leaders from Bugisu.

He launched and toured the production lines of the 4 factories at the park, including the Yobon Personal Products, Victoria cable limited, Kyoga Capital Textiles Co. Limited and laid a foundation stone for the construction of a motor assembly plant Automobile Group (U) Co. Limited that will be the first Automobile manufacturing plant in Uganda, sitting on 20 acres.

President Yoweri Museveni unveiling the Automobile Group U CO Ltd in Mbale.

Museveni thanked all the squatters who had earlier vacated the land and also commended those who helped in the vacation.

The President was however quick to call on the people living at the upstream of the river that passes through the industrial park to immediately stop polluting the river and further pledged to increase the power supply voltage at the park.

Anite commended the incentives offered to investors that have attracted many of them to come and do business in Uganda.

Loading...

The Chairman of Tiang Tan Group, Paul Zhang disclosed that he has been able to invest in Uganda for the last 18 years because of the peace and the conducive investment climate created by the government.

Back to top button
Translate »

Adblock Detected

Please consider supporting us by disabling your ad blocker