President Yoweri Museveni isn’t happy that Uganda is spending what the country earns annually from coffee exports on importing vehicles.
The President made the remarks on Saturday as he laid a foundation stone at Kiira Motors Uganda manufacturing and assembly plant in Jinja Industrial and Business Park.
“This plant was established to develop, make, and sell motor vehicles and components in Africa. In due course, we shall create 100000 jobs directly and indirectly,” Museveni said via his Twitter handle.
He added: “The amount of money we spend importing vehicles is $550m per year. We earn over $500m (Shs1.76 trillion) from coffee and it all goes back when we import other people’s vehicles. We are giving jobs to the Japanese and other nationalities. We are losing these jobs. This should end.”
