{"id":39601,"date":"2022-11-01T10:22:00","date_gmt":"2022-11-01T10:22:00","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/invest-instead-of-lecturing-us-museveni-tells-europeans"},"modified":"2022-11-01T10:59:18","modified_gmt":"2022-11-01T10:59:18","slug":"invest-instead-of-lecturing-us-museveni-tells-europeans","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/invest-instead-of-lecturing-us-museveni-tells-europeans","title":{"rendered":"Invest instead of lecturing us, Museveni tells Europeans"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>President Museveni has told European Union to copy Chinese and Indians in regard to investing in Uganda instead of giving lectures.<\/p>\n

Speaking during the second Uganda-European Union Business Forum, President Museveni said Indians and Chinese have aggressively invested in Uganda yet many Ugandans don\u2019t speak their language.<\/p>\n

\u201cThey have been very active yet we don\u2019t speak their language. I have heard that the Export-Import Bank of China finances their nationals to invest into profit making venture in Africa. Why can\u2019t Europe do the same thing the Chinese are doing instead of giving [us] lectures?\u201d he wondered, noting that almost every week, he has commissioned factories, all of which, belong to either Chinese or Indians.<\/p>\n

\u201cI don\u2019t remember commissioning any for Europeans. There are opportunities here,\u201d President Museveni said.<\/p>\n

The President also noted that because Uganda and the European Union have a number of common issues compared to Chinese and Indians, they should use this relationship for mutual benefit.<\/p>\n

The forum sought to discuss mobilisation of higher levels of quality investment into priority sectors of the economy as well as exploring avenues to increase trade between Uganda and the European Union.<\/p>\n

Amb Jan Sadek, the European Union head of delegation, said trade and relations between Uganda and the European Union will get stronger, urging government to sign the Economic Partnership Agreement to have unrestricted access to European Union markets.<\/p>\n

President Museveni, said investors from the European Union have an opportunity to access a raft of incentives, among which include tax holidays and exemptions.<\/p>\n

\u201cAll we want is for you to set up your production for goods and services here,\u201d he said during the forum that hosted more than 1,500 stakeholders.<\/p>\n

Mr Robert Mukiza, the Uganda Investment Authority director general, said the forum sought to attract value addition to Uganda\u2019s raw materials to support creation of employment.<\/p>\n

Private Sector Foundation Uganda executive director Stephen Asiimwe, said they had secured a deal that will sort out financing for export challenges with interest on loans for exporters not exceeding 12 percent.<\/p>\n

About 50 bankable projects in agriculture and agri-processing, mining, manufacturing and value-added services, from Uganda and a dozen high-ticket public projects were pitched to local entrepreneurs, the Ugandan diaspora and foreign direct investors from EU member states.<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. President Museveni has told European Union to copy Chinese and Indians in regard to investing in Uganda instead of giving lectures. Speaking during the second Uganda-European Union Business Forum, President Museveni said Indians and Chinese have aggressively invested in Uganda yet many Ugandans don\u2019t speak their language. \u201cThey have been very active […]<\/p>\n","protected":false},"author":84,"featured_media":39600,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12],"tags":[233,240,241,234],"class_list":["post-39601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","tag-africa-press","tag-africa-press-uganda","tag-museveni","tag-uganda"],"yoast_head":"\nInvest instead of lecturing us, Museveni tells Europeans - Uganda<\/title>\n<meta name=\"description\" content=\"President Museveni has told European Union to copy Chinese and Indians in regard to investing in Uganda instead of givin ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/invest-instead-of-lecturing-us-museveni-tells-europeans\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Invest instead of lecturing us, Museveni tells Europeans\" \/>\n<meta property=\"og:description\" content=\"President Museveni has told European Union to copy Chinese and Indians in regard to investing in Uganda instead of givin ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/invest-instead-of-lecturing-us-museveni-tells-europeans\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-01T10:22:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-01T10:59:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/11\/postQueueImg_46.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/invest-instead-of-lecturing-us-museveni-tells-europeans#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/invest-instead-of-lecturing-us-museveni-tells-europeans\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Invest instead of lecturing us, Museveni tells Europeans\",\"datePublished\":\"2022-11-01T10:22:00+00:00\",\"dateModified\":\"2022-11-01T10:59:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/invest-instead-of-lecturing-us-museveni-tells-europeans\"},\"wordCount\":396,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/invest-instead-of-lecturing-us-museveni-tells-europeans#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/11\/postQueueImg_46.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"Museveni\",\"uganda\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/invest-instead-of-lecturing-us-museveni-tells-europeans#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/invest-instead-of-lecturing-us-museveni-tells-europeans\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/invest-instead-of-lecturing-us-museveni-tells-europeans\",\"name\":\"Invest instead of lecturing us, Museveni tells Europeans - 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