MP Moses Balyeku has asked the Government to support local investors saying it was unfair for the Government to concentrate help on foreign investors
By Donald Kirya
MOSES Balyeku, the Jinja Municipality West MP, has asked the Government to support local investors.
He said it was unfair for the Government to concentrate help on foreign investors, while leaving out indigenous ones.
“Mr. Francis Ssenabulya from Njeru who is one of the local investors in Jinja raised a concern that the Government does not recognise local investors and therefore, requested that the Government starts doing so. I entirely agree with him,” Balyeku said during the Centenary Bank, Jinja branch customer day last week.
Ssenabulya processes organic silver fish, which he packages in tins for sale in local markets.
“This makes him a local investor, who the Government should recognise because he contributes towards the development of the economy,” Balyeku said.
He explained that as the area legislator, he will take it on and start identifying local investors in Jinja who should be supported by the Government.
“Uganda Revenue Authority already has tax holidays for local investors depending on their returns,” he pointed out.
MP wants govt to recognise local investors