KAMPALA (Xinhua) --
Ugandan President Yoweri Museveni on
Tuesday launched the first phase of a 620 million U.S.
dollar Chinese industrial project in the eastern part of
the African country.
dubbed, Uganda-China Free Zone of International
Industrial Cooperation, undertaken by the Dongsong
Energy Group, will manufacture glass, steel and
organic-fertilizers, creating about 3,000 jobs at peak
when completed in 2020.
said the project will reduce the amount of money spent
on importing some of the products that are now going to
be produced locally.
hailed China for encouraging both private and state
enterprises to invest in Africa.
Zhuqiang, Chinese ambassador to Uganda, said the project
was the biggest private investment in Uganda and would
bring in high tax revenue. He thanked Museveni for the
support to the China-Uganda bilateral investments.
the Ugandan government, the project will be a key
component in the economic and trade cooperation between
China and Uganda.
located in Tororo district at the border of Uganda and
Kenya will also benefit neighboring countries like
Rwanda, Kenya and Tanzania.