President Museveni has said the country is on the right path to development with the ever emerging industries courtesy of increasing electricity volumes.
Speaking at the opening of Saachi manufacturers limited, an electrical appliance assembling plant in Ntinda on Friday, Museveni said with this trend, Uganda will soon attain her middle income status.
“This is the fourth industry I am opening in a space of only one week. With the increased electricity volumes, the country is on the right path to industrialization,”Museveni said on Friday.
“There is now a big explosion of industries all over the country and more will be coming.”
Museveni early this week officiated at a function to open two tea factories in Bushenyi before opening another one for cement in Tororo district.
He said that all these ventures are a source of employment to Ugandans adding that foreign exchange that goes into buying the products abroad can now stay inside the country.
“The locally made products are cheaper and will attract many people to buy them other than the imported ones which are a big expensive.”
The country is set to add a total of 600 megawatts onto its electricity capacity following the completion of the Karuma hydro project whose construction is ongoing.
The new assembling facility opened by Museveni on Friday will be importing raw materials for electric appliances including television sets and flat irons before being assembled and sold locally.
Saachi company has been importing and selling electrical appliances in Uganda for the last 15 years before going into assembling parts.