International Labour Day and Minister Bahati's Vision for Uganda's Mineral Sector. By Editor.

 International Labour Day and Minister Bahati's Vision for Uganda's Mineral Sector
On this International Labour Day, we take a moment to reflect on the vision and efforts of leaders like Hon. David Bahati, Uganda's State Minister for Trade, Industry, and Cooperatives, in promoting economic growth and opportunities in Uganda. Minister Bahati's recent call for well-established investors to engage with Uganda's mineral sector showcases his commitment to the nation's development and the creation of sustainable jobs.

Minister Bahati emphasizes Uganda's vast, untapped mineral wealth, including 12.8 trillion US dollars' worth of gold, iron ore reserves in the Kigezi and Tororo regions, and unutilized mineral assets valued at 12 billion dollars. By attracting investors to explore and mine these resources, Uganda can generate significant revenue to finance its national budget and invest in other critical sectors.

In his address to manufacturers, Minister Bahati stressed the importance of fostering a conducive and secure environment for investors through tax holidays, subsidies, and other supportive policies. This approach aligns with the government's goal to avoid exporting unprocessed minerals and instead promote local manufacturing and value addition.

Furthermore, Minister Bahati highlighted plans to establish 22 industrial parks across Uganda over the next five years, starting with five in the current financial year. These parks will offer free land and fully serviced amenities such as electricity, water, and internet, providing a robust foundation for industries to thrive and create job opportunities.

International Labour Day is a time to celebrate workers and their contributions to economic growth and development. Minister Bahati's vision for Uganda's mineral sector aligns with this spirit by paving the way for sustainable economic progress, job creation, and the empowerment of the nation's workforce. His emphasis on 100% profit repatriation for foreign investors ensures a balanced approach that benefits both investors and the local community.

As we honor workers worldwide, we commend Minister Bahati for his efforts to create a brighter economic future for Uganda through the responsible utilization of its mineral wealth and the promotion of local industries.

Comments

Post a Comment

Popular posts from this blog

Celebrating the Life and Legacy of Apollo Nyegamehe (Aponye) By Davis Owomugisha, Kampala Uganda

Image
 Celebrating the Life and Legacy of Apollo Nyegamehe (Aponye) Today marks one year since we lost a remarkable man, Apollo Nyegamehe, fondly known as Aponye. It is often said that it is good to appreciate the good things people do while they are still alive. Aponye was a man who exemplified this belief, leaving a legacy that continues to inspire and uplift us all. Aponye was not just a man of wealth and business empires; he was a down-to-earth individual who mingled effortlessly with people from all walks of life. Despite his immense success, he remained humble and approachable, especially to the young people. His ability to connect with us and offer wise counsel on managing challenges and uprooting unemployment through business creation was truly remarkable. In loving memory of Aponye, we, his family and the larger community, gather to celebrate his life both physically and in spirit. His presence continues to dwell among us, a testament to the love, care, kindness, gen...
Read more

Ahumuza Patricia Crowned Miss Tourism Kigezi 2024 by Editor.

Image
Ahumuza Patricia Crowned Miss Tourism Kigezi 2024 In a dazzling event that highlighted the region's beauty, culture, and heritage, Ahumuza Patricia, a 20-year-old student from Rukiga District, was crowned Miss Tourism Kigezi 2024. Patricia, who is currently studying Literature in English at Makerere University, emerged victorious among a competitive field of contestants, showcasing her poise, intelligence, and deep commitment to promoting tourism in Kigezi. The Miss Tourism Kigezi pageant is a prestigious event that aims to celebrate and promote the unique cultural and natural attractions of the Kigezi region. The pageant, held annually, draws participants from various districts within the region, all vying for the coveted title. This year’s event was no exception, featuring vibrant performances, traditional displays, and an enthusiastic audience that gathered to witness the crowning of the new queen. Ahumuza Patricia succeeds Pauline Ampeire from Kabale, wh...
Read more

Balancing Conservation and Survival: Protecting Kigezi's Wetlands Without Displacing Its People.

Image
Protecting Wetlands and Communities: A Balanced Approach for Kigezi,By Davis Owomugisha Kanzikwera. Recently, the president directed the National Environment Management Authority (NEMA) to remove all individuals encroaching on wetlands. This directive aims to protect Uganda's valuable wetland ecosystems from further degradation. However, for the people of Kigezi, who heavily depend on these wetlands for their livelihood, this presents a complex challenge. Understanding the crucial role wetlands play in their lives is essential to crafting a solution that balances environmental conservation with community needs. In Kigezi, wetlands are more than just natural resources; they are lifelines. These areas provide fertile soil, rich in nutrients, which supports the cultivation of various crops such as rice, yams, and vegetables. For many families, farming in wetlands is not a choice but a necessity, as the land's fertility ensures food security and a stable income. Additio...
Read more