Ugandan assembled TV unveiled

 

Another locally assembled television brand has been unveiled.

The  first Hisense television set assembled in Uganda was yesterday handed over to President Yoweri Museveni by managers of Hisense Uganda and Future Electronics Co.

 

During the unveiling of the TV brand at State House Entebbe,  the managing director of  Hisense, Zhang Hao, said their products were already available on the Ugandan market. 

 

The company also produces fridges and owns a group of restaurants.

Zhang was part of a group of Chinese investors who were introduced to the President by the former Chinese ambassador to Uganda Fan Gui Jin. 

 

Ambassador Fan is the current Standing Director of the China National Committee for Pacific Economic Cooperation and the International Eco-tech cooperation Committee.

 

According to  a release form State House, the President  called on Chinese companies to either invest in Uganda by buying raw materials, processing locally and selling in Uganda and the region or work in partnership with Ugandans by selling to them equipment and other goods and allowing them to pay in installments.

 

“Either Chinese companies can invest here themselves or they can sell machines and equipment to Ugandan groups and allow them to pay in installments.

 

There is a big market for East Africa but you can also export to Europe,” he said

Uganda is a member of the commonwealth market for Eastern and Southern African States (COMESA), a region with a market of over 300 million people in  20 countries, a member of the East African Community and is allowed duty and quota free access into the US (AGOA), EU (EBA) markets and China.

 

The  Chinese investors also included :the Chief Executive Officer for ZTE, Bob Wang (Specialists in telecommunications, ICT and Solar equipment),  the Senior Marketing Manager for Shangai Construction Group Micheal Ray (Infrastructure development, road and airport construction and fruit processing) and the representative of the China CAMC Engineering Company, Li Yong.

 

The President  further  called upon the Chinese investors to exploit investment opportunities in infrastructure, especially roads, saying there are a number of roads that need to be tarmac.

 

“We have budgeted for this but we don’t have enough money to do it all at once. We are looking for financing for this or encourage the building of toll road especially on roads like Entebbe-Kampala, Masaka, Jinja etc You can participate in building toll roads especially in the country side,” he said.

 

Ambassador Fan Gui Jin said he was happy to encourage investors to come to Uganda, adding that this does not only help provide jobs and money to the local people but also provide training in various fields.