{"id":59157,"date":"2023-11-04T16:03:51","date_gmt":"2023-11-04T16:03:51","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/?p=59157"},"modified":"2023-11-04T15:31:41","modified_gmt":"2023-11-04T15:31:41","slug":"museveni-pledges-support-for-local-investment-groups","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/museveni-pledges-support-for-local-investment-groups","title":{"rendered":"Museveni pledges support for local investment groups"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Uganda. <\/strong><\/span><b>President Museveni has pledged government support to progressive local investment groups that have something to show and working within the country\u2019s investment plan.<\/b><\/p>\n<p>While commissioning a fruit processing plant in Nakasongola District on Thursday, Museveni urged Ugandans to focus on value addition for the different agricultural products to fight poverty and create wealth.<\/p>\n<p>\u201cWe give money to people that have nothing to do, and they squander it. How about someone who is doing something good? The problem is not the money but the people who can execute the work we want,\u201d he said.<\/p>\n<p>Citing the example of owners of the newly commissioned Kike Tropical Fruits factory in Nakasongola District, the Ugandan leader noted that the entrepreneurs responded to his earlier call to fight against poverty in Uganda.<\/p>\n<p>\u201cWhen my daughter Olivia Mugabe told me that she wanted to add a brick to development in Uganda, I advised her to find a market in Austria. She later mobilized her brother Francis Mugabe to start the fruit factory in Uganda after finding the market. She realized that Austrians need standard processed fruits,\u201d Museveni noted.<\/p>\n<p>Linking the fragile state of the Soroti Fruit factory to failed planning, President Museveni said the factory was poorly built and money possibly stolen.<\/p>\n<p>\u201cWe tried to build a fruit factory in Soroti but it was poorly built. I think they stole the money. This is why I was struggling with Olivia Mugabe to see if we can get private investors,\u201d he added.<\/p>\n<p>Still on Thursday, Museveni promised to address the issue of high flying taxes in order to support local investments.<\/p>\n<p>Meanwhile, Kike Tropical Fruits Limited has capacity to process 1,000 metric tonnes of fruits per season and employs about 500 workers.<\/p>\n<p>The fruits are sourced from the Greater Luweero, Greater Masaka, West Nile and Bukedi sub regions of Uganda.<\/p>\n<p>Finance minister Matia Kasaija told a gathering that its commissioning \u201cwas a clear indicator of how Ugandans can add value on the different products and boost the investment sector.\u201d<\/p>\n<p>\u201cFrancis Mugabe visited my office and wanted assistance to expand. We talked to the Uganda Development Bank. It is good that you have played a good part. If you want more money, we shall see how to help you again,\u201d he said.<\/p>\n<p>Fruit production has emerged as one of the fastest growing industries in Uganda although a big percentage of farmers complain of the limited market and the inadequate value chain system for the farm products.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/uganda\">Uganda<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Uganda. President Museveni has pledged government support to progressive local investment groups that have something to show and working within the country\u2019s investment plan. While commissioning a fruit processing plant in Nakasongola District on Thursday, Museveni urged Ugandans to focus on value addition for the different agricultural products to fight poverty and create [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":59155,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[233,240,234],"class_list":["post-59157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Museveni pledges support for local investment groups - Uganda<\/title>\n<meta name=\"description\" content=\"President Museveni has pledged government support to progressive local investment groups that have something to show ...\" \/>\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\/museveni-pledges-support-for-local-investment-groups\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Museveni pledges support for local investment groups\" \/>\n<meta property=\"og:description\" content=\"President Museveni has pledged government support to progressive local investment groups that have something to show ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/museveni-pledges-support-for-local-investment-groups\" \/>\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=\"2023-11-04T16:03:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/11\/sm_1699099239.348887.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\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\/museveni-pledges-support-for-local-investment-groups#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/museveni-pledges-support-for-local-investment-groups\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Museveni pledges support for local investment groups\",\"datePublished\":\"2023-11-04T16:03:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/museveni-pledges-support-for-local-investment-groups\"},\"wordCount\":426,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/museveni-pledges-support-for-local-investment-groups#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/11\/sm_1699099239.348887.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/museveni-pledges-support-for-local-investment-groups#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/museveni-pledges-support-for-local-investment-groups\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/museveni-pledges-support-for-local-investment-groups\",\"name\":\"Museveni pledges support for local investment groups - 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