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🇺🇬 Uganda /Economy & Trade

Government Seeks Affordable Financing to Expand Manufacturing, Minister Says

From AllAfrica Uganda · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

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  • Uganda’s government is seeking cheaper financing and stronger local supply links to expand manufacturing and employment.
  • Minister Aminah Mukalazi identified high financing costs, weak producer linkages and shortages of specialised skills during a visit to Staunch Machinery Uganda.
  • The company employs about 300 Ugandans, and Mukalazi pledged support for increased production capacity.

Uganda’s government is pushing for cheaper financing and stronger connections among local manufacturers as it seeks to expand domestic production and create jobs.

Our engagement highlighted the need for affordable financing for manufacturers, stronger linkages among local manufacturers to promote locally produced inputs, and specialised skills training for Ugandans to operate modern machinery.

· Aminah MukalaziThe minister outlined the main challenges identified during her visit to Staunch Machinery Uganda.

State Minister for Privatization and Investment Aminah Mukalazi made the call after visiting Staunch Machinery Uganda in Namanve. The company assembles and produces tractors, milk coolers, generators, maize milling equipment and hay-making machines, among other value-addition machinery.

Mukalazi said the visit exposed several barriers facing manufacturers. They include high financing costs, weak links between local producers and a shortage of specialised skills needed to operate modern equipment. “Our engagement highlighted the need for affordable financing for manufacturers, stronger linkages among local manufacturers to promote locally produced inputs, and specialised skills training for Ugandans to operate modern machinery,” she said.

With about 300 Ugandans employed, I have committed to supporting efforts that can enable Staunch Machinery Uganda to expand production, increase its capacity and create even more jobs.

· Aminah MukalaziMukalazi pledged support for the company’s expansion.

She also pointed to the experience of a Ugandan worker who joined Staunch without specialised skills, received on-the-job training and later progressed to operating advanced machinery while earning a net salary of Shs2 million. The company now employs about 300 Ugandans.

Let us buy, support and promote products made in Uganda.

· Aminah MukalaziShe urged consumers to support locally manufactured goods.

Mukalazi pledged to support efforts to expand Staunch Machinery’s production capacity and create more jobs. She also urged Ugandans to buy locally made goods, saying this would strengthen domestic industries, support employment and retain more value within the economy. “Let us buy, support and promote products made in Uganda,” she said. “By choosing locally manufactured products, we strengthen our industries, create jobs and keep more value within our economy.”

By choosing locally manufactured products, we strengthen our industries, create jobs and keep more value within our economy.

· Aminah MukalaziShe explained the economic case for buying locally made products.
About this summary

Originally published by AllAfrica Uganda in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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