Gov’t asked to invest more in production
By Ritah Kemigisa
With the ongoing budget process, government has been advised to invest more in production if the economy is to grow rapidly.
Speaking to KFM, the Uganda Export Promotion Board Executive director Dr Elly Twineyo says as the government targets industrialisation for Incentive Growth, it is important to allocate more resources into production, processing, manufacturing, logistics and markets.
According to Twineyo, for Uganda to compete at the global level and grow, there is need to export more and this can be achieved by formally occupying international and regional markets.
He thus justifies the need for an agency like the Export Board to study markets and inform the export strategy of the country.
His remarks come at a time, the committee of trade in parliament has asked that the Board is denied funds for the next financial Year for not having a governing board.
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