Uganda stepped up its efforts to attract Chinese investment in its mining and petroleum sectors by hosting the inaugural Uganda-China (Liaoning) Mining and Petroleum Investment Promotion Conference in Shenyang China.
The high-profile event, organized by the Uganda Embassy in China, the Uganda Consulate in Guangzhou, and the Liaoning Provincial Department of Commerce, showcased Uganda’s rich natural resources and investment-friendly policies.
The Permanent Secretary ministry of Energy Irene Bateebe, emphasized the country’s readiness to partner with Chinese investors.
“Uganda is rich in minerals and petroleum resources, and we are building the right legal frameworks, infrastructure, and incentives to ensure value addition, sustainability, and returns on investment,” Bateebe stated.
The conference followed the recent elevation of Uganda-China relations to a Comprehensive Strategic Partnership in 2024, reinforcing deeper economic cooperation.
“Uganda is stable, open, and eager to work with long-term partners. We welcome you to be part of our transformation journey,” President Museveni said.
Over the years President has put in place incentives that attract investors in the country, offering tax holidays, land, among other incentives.
A number of Chinese investors are already in Uganda and many find Uganda a good investment ground.