Uganda: Private Sector Explains Why Manufacturing Should Top Govt Priority

Stephen Asiimwe, Executive Director of the Private Sector Foundation Uganda, emphasizes that Uganda’s manufacturing sector should be a top priority in the 2024/25 fiscal year, noting its robust growth and potential as a prime investment portfolio in the region. Asiimwe highlights the sector’s historical reliance on imported goods like soap, sugar, steel, and cement, stressing the need for increased government support to bolster local production, reduce imports, and stimulate job creation. He also advocates for strategic investment in tourism, particularly in conferences and exhibitions, citing their economic benefits through increased tourism revenue and business opportunities. Despite challenges such as infrastructure deficits and regulatory barriers, Asiimwe underscores the sector’s resilience and significant contribution to Uganda’s economy.