In a move signaling a fresh push for accelerated industrialization, President Yoweri Kaguta Museveni hosted former South African President Jacob Zuma at the Nakasero State Lodge this Wednesday.
The high-level meeting brought together a delegation of South African investors and senior Ugandan government officials to map out a roadmap for bilateral cooperation in critical economic sectors.
The dialogue focused sharply on “strategic enablers”, the pillars President Museveni insists are vital for Uganda’s economic survival. Central to the discussion were plans for collaboration in energy generation, power transmission, large-scale irrigation, and the value-addition process for Uganda’s mineral resources.
President Museveni underscored the urgency of industrial transformation, labeling electricity, rail transport, and the cost of credit as the “bone marrow” of the economy.
“We are very strict with the price of electricity, transport by rail, and the cost of money,” the President asserted during the talks. “We want to fund manufacturing and agriculture. These are a must; without them, the economy will collapse.”
For his part, the former South African leader lauded the progress of Uganda’s development agenda and emphasized the potential for synergy between the two nations.
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The engagement marks a significant move to reduce Uganda’s reliance on exporting raw materials, with the delegation exploring proposals that Museveni described as “progressive and beneficial” to the country’s manufacturing landscape.
The meeting concluded with a mutual commitment to fast-track investment proposals that promise to stimulate local production and create jobs. With the energy ministry’s top technical leadership in attendance, the focus now shifts to the practical implementation of these energy and infrastructure partnerships, a move the administration believes is critical for Uganda’s transition into a modern, value-added industrial economy.
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