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Sunday, October 2, 2022

President Museveni opens BUBU exhibition

President Yoweri Museveni this morning at Kololo Independence Grounds, officially opened the Buy Uganda Build Uganda (BUBU) three-day exhibition. The event was Graced by 350 exhibitors.

The fair showcases products and services made in Uganda.While speaking at the exhibition, the President said that “In the modern world there are two important people; the producer of a good or service and the buyer. The former is the entrepreneur, the thinker, while the latter is important because without them, the business collapses”

.Africa’s crisis has been that we buy but do not produce. We were asleep. However, we are slowly waking up. Take the dairy sector, for example. For long, Uganda Dairy Corporation imported powdered milk from Europe, added water from here and labelled it Ugandan milk.This has ended.

We not only produce and process milk in Uganda but export the surplus to the region. It is the same with coffee and tea. But even as these sectors struggle to bring in much-needed Forex, importers erode these gains by importing even what we would produce here.

While touring the exhibitors’ stalls, I met a group of young people from Soroti making shoes but import leather from China. We have cattle here but import leather. We must add value to our hides to stop this.

It is the same case with producers of baby syrups who import pharmaceutical grade sugar. Our sugar must be purified enough to serve this purpose. Similarly, our copper must be fully purified so that we don’t import it to manufacture cables and transformers.

Steve Mungereza
Steve Mungereza
Sociopolitical Analyst. Coverage of National and Regional news stories.

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