Museveni opens Mbale industrial park
President Museveni has pledged to improve the transport network in the country in a bid to promote industrialisation.
Museveni said that he is focusing on industrialisation of towns to replace what he referred to as kiosk towns.
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He made these remarks at the ground breaking ceremony for Mbale industrial park.
President Museveni expressed concern over what he termed as emergence of kiosk towns.
He added that most towns in Uganda are dominated by grocery shops dealing in imported and yet similar goods which according to him cannot get this country anywhere.
The president pledged to boost the transport system to stimulate industrial growth across the country. Museveni was speaking during the ground breaking ceremony of Mbale Industrial park.
Museveni said that the industrial parks will help to create jobs and boost the economy through balance of trade.
Museveni said that Africa is endowed with much wealth yet her people have resigned to poverty. He attributed this to lack of innovativeness.
The state minister for Investment and Privatisation, Evelyn Anite, said the country was already making strides towards industrialisation. She said that the country is now exporting manufactured products such as electronics.
Paul Jong, the chairman Sino group said that 50 companies are already set to establish industries in the park.
He said that they are going to turn the park into a manufacturing centre for glass, agro and food processing among other commodities.
Mbale industrial park is expected to create 15000 jobs to the local community.
Government has pledged to create 11 industrial parks across the country in a bid to create jobs and to boost production.
