Museveni: I’ll penalise whoever frustrates investors


President Yoweri Museveni has promised to deal with those who have made it a habit to frustrate businesspeople who come to invest in the country.

The President made the remarks on Sunday during the International Labour Day celebrations at Duhaga Grounds in Hoima District.

He informed the gathering that the NRM jobs-creation plan is through modernising four major sectors; Agriculture, industrialisation, ICT and the services sectors.

Last year, he said, Uganda had 2,800 factories.

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“Between then and now, 300 more have been built, bringing the total to 3,100 factories, employing over 500,000 people.”

In the hospitality sector, the country has about 3,475 hotels employing over 600,000 Ugandans.

This excludes other sectors like transport and banking.

“Therefore the way to get jobs is to attract industries and hotels among others. Those who don’t know how development happens, this is how its done.”

He said those claiming that government has done nothing are like the people that the bible talks about in the book of Prophet Jeremiah 5:21.

“We are, however, going to deal with factors that delay/hamper industrialisation. Those who frustrate investors are going to be penalised.”

The president congratulated the workers all over the country for making it to their important day.

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