ARUA. At least 25 business gurus from the Economic Joint Committee of China Commercial Stock Enterprises (EJCCCSE) are slated to visit the Arua district to explore investment opportunities in the West Nile region and Northern Uganda.
Prince Eng Dr Edward Kimbugwe, the EJCCCSE national coordinator said the Chinese investors would have a meeting with the business fraternity and government bureaucrats to identify areas for possible private-public partnerships and private to private investments.
The West Nile meeting will take place at the Hill Top hotel in Arua town on June 21, 2018 following a similar one to be held in Kampala during the weeklong visit.
Dr Kimbugwe listed the areas of interest to the Chinese delegation as agriculture, value addition chain, oil and gas, renewable energy, tourism and rural agriculture banking.
The others are industrial park development, artisan, mechanized agriculture, cold storage facility, cage fish farming, expansion of market structures and infrastructure development.
Dr Kimbugwe’s confirmation follows a June 1, letter by Mr Keith Muhakanizi, the secretary to the treasury asking the director of the Uganda investment authority to coordinate the week-long visit by the Chinese, ensuring that the investors are facilitated and their planned investments promoted.
Mr Jackson Atima, the Arua chamber of commerce chairman who is tasked to mobilise the business community and government officials said about 60 people from across the region and northern Uganda have been invited to participate.
“We think 60 people are representative enough and when you have 60 people meeting 25 people that is a big event,” he said.
Mr Atima said the strategic location of the region at the confluence of the Uganda- DR Congo and South Sudan border makes it ideal hub for all kinds of business investments.
He urged the government to stabilize and increase electricity supply in the region and provide water for production saying those are key prerequisites for meaningful investment.