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Wednesday, 28 June 2017

President Meets British Export, Import Substitution Investors

British investors, under their umbrella organization called Made in Africa Initiative, have disclosed that they want to establish two industrial parks in Uganda to deal in export and import substitution with the support of the British Department of International Development. The entrepreneurs made their plans known in a meeting with President Yoweri Museveni yesterday at State House, Entebbe. The British High Commissioner to Uganda, Mr. Peter West, led the delegation that included Ms. Hellen Hai, Chief Executive Officer of Made in Africa Initiative. State Minister for Privatization and Investment, Hon. Anite Evelyn, attended the meeting. The President thanked the British entrepreneurs for coming to visit Uganda and assured them of support to realize the success of their investment project in the country. He informed his guests that the Government of Uganda has been working successfully with various industries in the country in the areas of textiles, grains, fruits and furniture. "One of the problems we have had here is lack of discipline and infrastructure. But now that we have it, we are ready to work with you," he said. The President directed the concerned Ministries to make the necessary arrangements to sign a Memorandum of Understanding with Made in Africa Initiative so that the British investors are able to start their programmes without any further delays. The British envoy, Mr. Peter West, thanked President Museveni for officiating at Queen Elizabeth birthday celebrations last week held at the High Commissioner's residence on Nakasero Hill in Kampala. Made in Africa Initiative roots for support for industrialization and investment promotion in Africa so that the continent becomes the next manufacturing hub for global markets.

Source: Allafrica