Museveni grapples with cost of cargo, money & power

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Museveni and Rugunda attending the round table

President Museveni last evening chaired the 6th round of the annual Presidential Investor’s Roundtable (PIRT) at State House Entebbe.

“You our wananchi were represented by respective officials of Government agencies and departments, international and local private sector representatives in sectors of Tourism, Agriculture, Minerals, oil and Gas and Transport,” he said.

Museveni said his overall aim for this meeting is to improve Uganda’s competitiveness in the world economy.

“This is a very useful forum where we interface and get free consultancy that inject energy in an otherwise laid-back way of doing things.”

“By the end of our engagement, we resolved on a number of issues.”

These are the issues he highlighted:

The cost of electricity for manufacturing is currently at 8 cents per unit and it shall go as low as 5cents for big, medium and small enterprises.

While we have improved the major road network, there is need to make new and cost friendly means for cargo. That means the biggest pusher will be the railway and water transport.

We are taking steps to reduce cost of money (interest rate) and cost of internet for our people in manufacturing, agriculture and some elements of services.

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