President Museveni has said Uganda is currently experiencing an industrial explosion because of the surplus electricity which the country is generating.
The President, who was commissioning the Saachi electronic appliances assembling factory in Ntinda Industrial area, a Kampala suburb on Friday, asked Ugandans to brace themselves for more factories- the antidote to unemployment in the country.
Mr Museveni, who was flanked by Investment minister Evelyn Anite and other government officials said, this week, he commissioned four factories, adding that Ugandans should brace themselves for more because “the country is experiencing an industrial revolution”.
The President commissioned a cement factory in Tororo, two tea factories in Bushenyi and the electronic appliances factory in Ntinda.
“These factories are coming up because we dealt with the problem of electricity,” Mr Museveni said, adding that more factories are coming to create jobs for Ugandans.
In 2016 campaigns, the President promised to industrialise Uganda to create the jobs for the youth and accelerate development.
The President explained that the new factory which assembles electric flat irons, Subwoofers, LED Screen television sets and other household items, will lower the cost of purchasing the items because Ugandans can now get them cheaply in Uganda.
Ms Anite told Sunday Monitor that a Chinese company [China National Materials Group or Sinoma] has agreed to establish a $500m (about Shs2 trillion) cement factory in Mbale Industrial Park.
This will be the fifth factory in the country after Hima, Tororo, Kampala and Simba which the president commissioned this week.
According to Anand Nainai, the director of Saachi Manufacturers Uganda, the company has been importing electronic appliances from China where they have factories they partner with to manufacture the internal parts which are assembled in Uganda.
“This brand has been in the country for the last 15 years….it is known and we hope to start manufacturing the plastic and wooden parts which can be easily manufactured by factories here,” Mr Nainai said.