State Minister for Privatisation and Investment, Evelyn Anite, has appealed to Chinese investors to invest in Uganda’s ICT sector, saying the sector has vast and lucrative opportunities.
Addressing the Wuxi Global Forum, Anite said Uganda’s digital economy has vast opportunities for growth and development.
Minister Anite said: “Uganda’s digital economy is expanding rapidly, and we need substantial investment in telecommunications infrastructure to ensure that everyone, from our capital cities to the most rural areas, is connected”.
The minister said Uganda’s mobile penetration is over 70 percent, offering lucrative investment and business opportunities.
She said currently, only 26 percent of Uganda’s population has internet access, leaving a significant gap that Chinese firms could help fill, adding that Uganda offers generous incentives for investments, in addition to providing a conducive environment.
Africa Team Lead at Simi Group, Zhou Yu Qing, said: “Africa is not just a market but a partner in progress, where mutual growth is cultivated through strategic collaboration”.
The General Manager of Iflytek, Zang Wuxu, said: “Innovation in Africa will reshape the future, and it begins with the right investments in people and technology. With the support of visionary leadership like yours, we are confident that our investments will help Uganda advance in ways that uplift communities, create jobs, and pave the way for long-term prosperity. We look forward to building this bright future together”.
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