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EXCLUSIVE: Western companies are blind to Ugandan investments – President Museveni

EXCLUSIVE: Western companies are blind to Ugandan investments – President Museveni

ELIAS BIRYABAREMA and KARIN STROHECKER CHINESE private investment in Uganda is growing while Westerners are losing appetite to put money to work in the country, President Yoweri Museveni told Reuters, pledging to step up efforts to tackle corruption that has made slow progress. Museveni, in power since 1986 and one of Africa's longest-serving leaders, said Uganda was working to sign a number of deals with Chinese private sector lenders in sectors such as agro- and fertilizer-processing, minerals processing and textiles. "The Western companies have lost their spectacles; they no longer have the eyes to see opportunities. But the Chinese see…
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