While at the Buy Uganda Build Uganda (BUBU) Expo in Kololo, earlier today, the speaker urged Government to make condusive environment that encourages local investment.
The speaker added that Uganda has the required raw materials for the manufacture of different products but costs are at times discouraging.
“I met a girl in the last two weeks; she is a local manufacturer of leather bags and is struggling with leather material. She travels to Kenya to buy leather because leather sold here is very expensive. So she buys materials from kenya, manufactures bags from here and exports to the USA on her own,” Kadaga elucidated
“Government needs to support such local manufacturers, because liberalization doesn’t mean that government should abdicate it’s responsibility entirely. Government should continue to support our people for instance in quality control”.
The speaker further explained that For the BUBU policy to take root there is need to change the mindset of those managing the country. I am a big champion of BUBU but some times I get frustrated by managers in government who donot appreciate this policy.
“I remember how Parliament was frustrated when we tabled a motion to enact a law on the local content which aimed at encouraging local participation in the economy,” she added.
The Local Content Bill’s object is to promote participation of Ugandans in the economy, to achieve inclusive economic transformation by ensuring maximazation of value addition and job creation through the use of local expertise, goods, services, business and finances.
“When when we brought the motion, people reported me and Parliament to the President, that we want to disrupt invetsors. We told the President that your business is the welfare of Uganda and asked him on when interests of Ugandans will be first,” Rebecca added.
It is high time for government to look out for interests of Ugandans in sectors such as mining, Tourism and Banking.
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