President Museveni on Saturday spent better part of today touring factories in Mbalala, Mukono and later commissioned a bus-assembly plant in Namanve, Wakiso.
In Mbalala, he commissioned five factories; Royikems Industries (mattresses, plastics), Landy Industries –which manufactures sandals and shoes.
He also commissioned Sino Textile which manufactures blankets. He also launched CCLE Rubber Company, which specializes in rubber, lubricants and Tian Tang Industries, mattresses, steel .
Mbalala-Mukono area has over 40 factories, employing at least 50,000 people.
The head of state revealed that all these developments are happening because of the government’s deliberate move to create an enabling investment environment.
‘ ‘Recently, some criminal elements were trying to sow fear among our investors but we are handling that.’’ He said.
He added: Uganda is stable. I have said before that those who try to destabilize our country do not know our capacity. It is big. Once we mobilise, you cannot survive if you are a trouble-maker.
The president told the investors that Investing in Uganda is a correct decision because it is the right place and this is the right time for production, with a growing market to absorb the products while the government continues to better the infrastructure.
About wages, the president that government is making progress. ‘‘Parliament has just passed the Minimum Wage Bill. But wage must be linked to the cost of production and negotiated scientifically not emotionally. ‘’
To help lower production costs, mr. Museveni said government is pushing for more electricity generation and sold cheaply, working on rail and water transport while offering cheap credit through the Uganda Development Bank.
investors complain of power outrage
Dear your excellcy we invested your country with your urge and we are happy with it. But we are really struggling with power. @UmemeLtd is totally failing us, 10 days power off in a month. We cant bare costs with 10-15 days withiut power. Please look into that matter.
— Ali Alper BAYAZIT (@alialperb) March 9, 2019