Chinese delegation meets Ugandan investors, explores strategic business partnerships

A high-level Chinese investors' delegation has met investors in Uganda to form strategic partnerships that will advance Uganda’s trade, investment and industrial modernisation. 

The engagement at Sheraton Kampala Hotel on September 9, 2025, was organised by the Embassy of the Republic of Uganda in Beijing, spearheaded by Ambassador Oliver Wonekha.

The visit followed the just-concluded Annual Ambassadors’ Retreat in Gulu city, where Ugandan envoys reaffirmed their mandate to position Uganda as a competitive investment destination.

Speaking on behalf of Uganda Investment Authority (UIA) director general, Peter Muramira, highlighted anchor sectors that remain open for investment, including agriculture, manufacturing, oil and gas, infrastructure and industrial park development.

He further noted Uganda’s growing emphasis on renewable energy, such as bamboo plantations and processing, alongside technical training and scholarship opportunities that build a skilled workforce.

While acknowledging the existing trade imbalance between Uganda and China, Muramira underscored the positive momentum, citing that Uganda’s exports to China registered a 127% increase between February 2024 and February 2025.

“This growth signals Uganda’s expanding export potential and the Government’s drive to diversify trade,” he said.

Business climate

The Chinese delegation, led by Diao Chunhe, the chairperson of the Alliance of Chinese Business in Africa for Social Responsibilities, commended Uganda’s enabling business climate and reaffirmed China’s readiness to expand cooperation.

He noted that Uganda’s recognition as the “Best Investment Destination in Africa 2024” and its record $3.034 billion in foreign direct investment during the last fiscal year underscore the country’s strong investment credentials.

Projects such as the Karuma Hydropower Plant, Buikwe Water Supply Project, and backbone communication networks were cited as successful examples of China-Uganda collaboration, reflecting tangible benefits of bilateral cooperation.

The meeting also emphasised the importance of industrial cooperation, social responsibility, and shared outcomes as pillars for sustainable partnerships.

Representing the Chinese Embassy in Uganda, Mr. Wang Jianxun, Economic and Commercial Counsellor, congratulated both parties on the success of the cooperation forum.

He highlighted the historic relations between the two countries, dating back to 1962, and reaffirmed China’s commitment to encouraging responsible Chinese enterprises to invest in Uganda.

Uganda remains steadfast in pursuing its Vision 2040 and Fourth National Development Plan, prioritising agriculture, energy, digital development, and industrialisation.

This engagement marks another milestone in the enduring friendship between Uganda and China and opens a new chapter of mutually beneficial cooperation.