• Latest
Museveni: Uganda Will Not Import Fully Built Vehicles Anymore

Museveni: Uganda Will Not Import Fully Built Vehicles Anymore

3 years ago
Uganda Law Society Extends Tenure of Radical New Bar Council for Six Months

Uganda Law Society Extends Tenure of Radical New Bar Council for Six Months

55 minutes ago
UAE Imposes Temporary Visa Ban on Ugandan Tourists and Workers

UAE Imposes Temporary Visa Ban on Ugandan Tourists and Workers

1 hour ago
NCDC Study Recommends 26 Local Languages for Early Primary Instruction

NCDC Study Recommends 26 Local Languages for Early Primary Instruction

2 hours ago
Museveni Endorses Teso Cattle Restocking Plan After Compensation Report

Museveni Endorses Teso Cattle Restocking Plan After Compensation Report

18 hours ago
Heartbreak for Uganda: Chemutai Falls as Cherotich Wins 3000m Steeplechase World Title

Heartbreak for Uganda: Chemutai Falls as Cherotich Wins 3000m Steeplechase World Title

18 hours ago
Uganda Airlines, Air India Sign Interline Partnership to Expand Global Connectivity

Uganda Airlines, Air India Sign Interline Partnership to Expand Global Connectivity

1 day ago
SoftPower News
Thursday, September 18, 2025
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
SoftPower News
No Result
View All Result
Home Featured

Museveni: Uganda Will Not Import Fully Built Vehicles Anymore

by Our Reporter
November 26, 2022
Museveni: Uganda Will Not Import Fully Built Vehicles Anymore

President Yoweri Museveni deliverying his speech during the Uganda- Vietnam Business Summit in Hanoi, Vietnam on 25th November 2022. Photo by PPU/ Tony Rujuta.

7
VIEWS

President Museveni attended and addressed the first-ever Uganda-Vietnam Business Summit and Trade Exhibition at the International Convention Centre, Hanoi, Vietnam, under the theme “Unlocking investment opportunities.”

Speaking to participants, H.E Museveni invited investors from Vietnam to come and invest in Uganda, which has got the best investment environment with raw materials and skilled manpower.

Related Stories

Uganda Law Society Extends Tenure of Radical New Bar Council for Six Months

UAE Imposes Temporary Visa Ban on Ugandan Tourists and Workers

NCDC Study Recommends 26 Local Languages for Early Primary Instruction

“I would like to invite our friends of Vietnam to come and invest in value addition of coffee and other agricultural products, minerals and knowledge products like cars, machines, computers,” Gen Museveni said, adding that the 30 universities in Uganda have trained enough skilled manpower some of whom working in powerful international institutions.

President Yoweri Museveni being received by the Deputy Prime Minister of Vietnam Vu Duc Dam for the Uganda Vietnam Business Summit in Hanoi, Vietnam on 25th November 2022. Photo by PPU/ Tony Rujuta.

“Some of the people who have been putting satellites in space are Ugandans because they were not handled well in the past, some are working for Boeing assembling and manufacturing aircraft but are now coming back because we have improved their salaries,” he added.

H.E Museveni assured investors that Uganda is transforming her economy based on science and Ugandan scientists have designed and are now producing electric vehicles (Kiira) to stop the importation of cars.

President Yoweri Museveni talking to the staff of Equity bank at a stall in the presence of the Deputy Prime Minister of Vietnam Vu Duc Dam for the Uganda Vietnam Business Summit in Hanoi, Vietnam on 25th November 2022. Photo by PPU/ Tony Rujuta.

“We have rejected, and nobody will waste our time with the idea of importing fully built vehicles. We shall not import built vehicles anymore like buses, and we will not accept the idea of assembling. It must be either manufactured or fabricated from Uganda and the government is supporting them,” he said.

The President assured investors of a ready market under the East African Community (Uganda, Tanzania, Kenya, Democratic Republic of Congo, Rwanda, Burundi and South Sudan) with 300 million people, COMESA with 560 million people and the CFTA (Continental Free Trade Area) with 1.3 billion People.

President Yoweri Museveni talking to the staff of Uganda Coffee Development Authority at a stall in the presence of the Deputy Prime Minister of Vietnam Vu Duc Dam at the Uganda Vietnam Business Summit in Hanoi, Vietnam on 25th November 2022. Photo by PPU/ Tony Rujuta.

He noted that the battle at hand in Africa is to transform societies into non-traditional money economies. He added that in the last 36 years, the Ugandan economy has been growing at the rate of 6.5% per annum from a very low base due to the minimum recovery program that was designed to re-formalize the economy.

“Then there was expansion and diversification which boosted production of goods like tea from 3 million kgs to 60 million kgs, coffee production which was at 2 million bags is now 8.4 million bags,” Museveni said.

President Yoweri Museveni talking to a staff of Bella Wine at a stall in the presence of the Deputy Prime Minister of Vietnam Vu Duc Dam at the Uganda Vietnam Business Summit in Hanoi, Vietnam on 25th November 2022. Photo by PPU/ Tony Rujuta.

According to the Uganda Coffee Development Authority, in October 2022, Uganda exported 2,240 bags of coffee to Vietnam and this will increase after the Minister for Agriculture Frank Tumwebaze and the College of Agri-Sciences of Vietnam signed a memorandum of understanding.

The Deputy Prime Minister of Vietnam, Vu Duc Dam, reiterated their government’s support for the cooperation between both countries like they have done before.

The Deputy Prime Minister of Vietnam Vu Duc Dam addressing the participants that attended the Uganda- Vietnam Business Summit in Hanoi, Vietnam on 25th November 2022. Photo by PPU/ Tony Rujuta.

“We want to become friends with countries, especially those that helped us in the liberation process. It is most important to have the solidarity of economies after Covid-19 destroyed most of our businesses,” Mr Duc Dam said, adding that the two governments of Uganda and Vietnam need to create a conducive environment for investment to thrive.

“I believe the visit of his Excellency Yoweri Museveni and the cooperation between the two countries will take us to the next level,” he added.

President Yoweri Museveni delivering his speech during the Uganda- Vietnam Business Summit in Hanoi, Vietnam on 25th November 2022. Photo by PPU/ Tony Rujuta.

The Minister of State for Trade, Hon. Harriet Ntabazi, also addressed the gathering. She said Uganda had “suffered a lot with people buying our products, putting their brands, and selling them as their own,” saying this is going to stop now that Uganda is into manufacturing.

Equity Group Managing Director and Chief Executive Officer, Dr James Mwangi, assured the gathering that Uganda is well positioned to fill the gap in the food supply chain whereas Vietnam is blessed to have better agro-product processing mechanisms saying this will create room for value addition in agricultural products.

President Yoweri Museveni and the Deputy Prime Minister of Vietnam Vu Duc Dam congratulate each other after a successful Uganda -Vietnam Business Summit in Hanoi, Vietnam on 25th November 2022. Photo by PPU/ Tony Rujuta.

Ugandan Ministers; Matia Kasaija (Finance), Gen Jeje Odongo (Foreign Affairs), Dr Chris Baryomunsi (ICT & National Guidance), Okello Oryem (State for Foreign Affairs), Frank Tumwebaze (Agriculture) attended the summit alongside a section of exhibitors like Uganda Coffee Development Authority, Equity Bank, Bella Wine, among others.

The first-ever trade event between the two countries and the summit provided a unique platform to accelerate Uganda-Vietnam trade and bilateral relationships.

Some of the guests that attended the Uganda- Vietnam Business Summit in Hanoi, Vietnam on 25th November 2022. Photo by PPU/ Tony Rujuta.

Uganda and Vietnam on Thursday witnessed the signing of cooperation documents in Education and Training, scientific and technical cooperation in Agriculture, Information Communication Technology (ICT), and Foreign Affairs to further bolster the cooperation between the two countries.

Uganda – Vietnam Business Summit
Some of the guests that attended the Uganda- Vietnam Business Summit in Hanoi, Vietnam on 25th November 2022. Photo by PPU/ Tony Rujuta.
6-M7 at the Uganda – Vietnam Business Summit
President Yoweri Museveni deliverying his speech during the Uganda- Vietnam Business Summit in Hanoi, Vietnam on 25th November 2022. Photo by PPU/ Tony Rujuta.

Some of the guests that attended the Uganda- Vietnam Business Summit in Hanoi, Vietnam on 25th November 2022. Photo by PPU/ Tony Rujuta.
Tags: Kiira motorsMuseveniSoftPowerSoftPower NewsTop Uganda NewsUgandaUganda-Vietnam business summit and trade exhibitionvehiclesVietnam

Recent Stories

Uganda Law Society Extends Tenure of Radical New Bar Council for Six Months

UAE Imposes Temporary Visa Ban on Ugandan Tourists and Workers

NCDC Study Recommends 26 Local Languages for Early Primary Instruction

Museveni Endorses Teso Cattle Restocking Plan After Compensation Report

Heartbreak for Uganda: Chemutai Falls as Cherotich Wins 3000m Steeplechase World Title

Uganda Airlines, Air India Sign Interline Partnership to Expand Global Connectivity

SoftPower News Logo

SoftPower News is a subsidiary of SoftPower Communications LLC, a Ugandan digital media group. Keep posted of the latest from Uganda and East Africa.
Plot 4B Malcolm X, Kololo
P.O Box 1497, Kampala - Uganda
Tel: +256-392-001-701
Email: info@softpower.ug

This news site is licenced by Uganda Communications Commission (UCC)

ADVERTISEMENT
Stanbic Remittance Ad
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
  • Regional
  • Defence & Security
  • Sport
  • Entertainment
  • More

© SoftPower News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

error: Content is protected
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women

© SoftPower News

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?