Chinese Investments in Uganda have hit $1billion mark, Uganda Investment Authority (UIA) report has indicated.
The investments range from agriculture, manufacturing, oil and gas, infrastructure, and the development of industrial parks.
Chinese Ambassador to Uganda, Zhang Lizhong, credited the growing investment to the strong bilateral ties between Uganda and China.
“Under the leadership of President Yoweri Museveni and his Chinese counterpart Xi Jinping, political trust and high-level exchanges have grown stronger, creating a solid foundation for deeper economic cooperation”he stated.
“China and Uganda have enjoyed a long-standing friendship, and in recent years we have elevated our relations to a strategic partnership,” said Ambassador Zhang. “This has led to greater collaboration in infrastructure, trade, industrialisation, and human capital development.”
Exports like fish and other agricultural products can now enter the Chinese market duty-free, offering new opportunities for local producers and exporters.
China is also investing in renewable energy projects, including new bamboo plantations and processing plants. These efforts aim to support sustainable development while opening up new areas of trade and industrial growth.
Ambassador Zhang said China is offering scholarships and short-course training programmes to help Ugandans gain technical skills that will support the country’s long-term development.
The deepening cooperation reflects the shared commitment of both nations to strengthen economic ties and create opportunities that benefit citizens on both sides.
China and Uganda share strong diplomatic and economic relations, with China being Uganda’s largest foreign investor and a major trading partner
. The countries established diplomatic ties in 1962 and have since elevated their partnership to a “comprehensive strategic cooperative partnership”. Key areas of cooperation include trade, infrastructure development, and high-level exchanges, though Uganda faces a trade imbalance with China