Museveni touts bigger markets
Dec 04, 2003
President Yoweri Museveni (right) wants developing countries to increase the size of their markets and add value to their products so as to gain genuine access to the global market.
By Andrew Kanyegirire
in Vienna
President Yoweri Museveni (right) wants developing countries to increase the size of their markets and add value to their products so as to gain genuine access to the global market.
"But, why are private investors going to China which is a communist country?" he queried.
“This is because China offers a big market," Museveni said.
He was addressing a cross-section of delegates and discussants at the United Nations Industrial Organisation 10th session. Museveni spoke on the low levels of investment in much of Africa.
"The role of the private sector was misunderstood a lot in the 1960s. It was wrong for our leaders in the 1960s to fear the private sector,†Museveni said.
He said nationalisation and the expulsion of the Asians dwindled Uganda’s private sector.
"Africa should stop exporting raw materials only. The problem (for Uganda) has been our over reliance on unprocessed coffee and then exporting it at low prices. But, when it is roasted and ground it's value goes up,†Museveni said.
in Vienna
President Yoweri Museveni (right) wants developing countries to increase the size of their markets and add value to their products so as to gain genuine access to the global market.
"But, why are private investors going to China which is a communist country?" he queried.
“This is because China offers a big market," Museveni said.
He was addressing a cross-section of delegates and discussants at the United Nations Industrial Organisation 10th session. Museveni spoke on the low levels of investment in much of Africa.
"The role of the private sector was misunderstood a lot in the 1960s. It was wrong for our leaders in the 1960s to fear the private sector,†Museveni said.
He said nationalisation and the expulsion of the Asians dwindled Uganda’s private sector.
"Africa should stop exporting raw materials only. The problem (for Uganda) has been our over reliance on unprocessed coffee and then exporting it at low prices. But, when it is roasted and ground it's value goes up,†Museveni said.