Business

Museveni Warns Government Officials on Frustrating Investors

President Yoweri Museveni yesterday assured manufacturers and investors of his resolve to address all internal issues that have been affecting their businesses.

Speaking at the 27th UMA international trade fair at Lugogo, the President revealed that he had received information that various  officials in government ministries and agencies are frustrating his efforts of attract more investors in the country.

Museveni accused officials from Uganda Revenue Authority of using delay tactics and forcing manufacturers into paying fines.

He pointed out Paramount Cheese, as an example of the companies employing many Ugandans, that was forced to close because of the tax body.

“Manufacturers are doing a very important role in this country but as they are still battling such challenges,” he said.

On her part, Hon Amelia Kyambadde, the Minster for Trade applauded UMA for organizing this trade fair for now 27 years, which she said has provided a platform to both small and large scale traders to improve their businesses

“The number of exhibitors has increased from the past years; visitors have increased from 132,970 in 2017 to 232000 in 2018,” she said.

Amelia added that even the number of industries in Iron and Steel sector have greatly expanded in the last year

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At the event, Barbra Mulwana, the chairperson UMA unveiled the new team of Board members and advisory board to the President whom she thanked for helping lot during her term in office

“Your Excellency, UMA continues to promote small scale manufacturers (jua Kali) who constitute the majority of enterprises in Uganda in addition to employing most of the work force ” Mulwana added

This year’s expo which opened last week under a theme “Promoting job creation through industrialization” will end on Thursday 10th October 2019.

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