Recently, the Uganda Revenue Authority (URA) engaged members of the Weifang Bureau of Investment Cooperation and Promotion which is responsible for China’s investments domestically and overseas.

The meeting aimed at devising ways of cooperating with the taxman to increase China’s investments in Uganda and how URA can facilitate their traders across the supply chain.

“Last year, our exports and imports accounted for USD50Bn and USD817M respectively in foreign investment across 70 countries and currently we are seeing Uganda’s potential, especially in the agricultural and industrial fields. We hope to devise strategies to facilitate us in the supply chain from warehousing to transportation,” said Guo Xingping the Chairman of the Weifang Bureau of Investment Cooperation and Promotion.

The Assistant Commissioner Field Services. Godfrey Okaka highlighted the presence of a ready market in Uganda with a growing population of 45 million people and 250 million people in the East African Community (EAC).

“Our President is a visionary for wealth creation by ensuring that everyone enters production and the market economy so this is a welcome partnership and we are optimistic about supporting you to realize your business ideas,” Okaka stated.

Correspondence by Jacquiline Emodek