Chinese businessmen in Uganda to scout for investment opportunities

525 views · Published 8 August 2018 · 1:26 · Indexed 21 September 2026

Channel: NTVUganda · 2018 · News & Politics

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A delegation of Chinese nationals consisting of 10 businessmen and government officials and Mayor of the city of Huizhou in the Guandong province are in the country to scout for investment opportunities. 

While hosting the business delegation at a dinner here in Kampala, Finance and planning state minister David Bahati reminded his guests of Uganda’s abundant raw materials that can help stimulate the process of industrialisation through knowledge transfer. 

The trade volume from Uganda in 2017 hit 811 million dollars, making China Uganda’s third trade partner. 

However Uganda is still battling a balance of trade challenge currently at 7bn US dollars.

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