Posted 1/21/2024, 9:48:27 AM
Museveni Urges More Domestic Manufacturing Over Foreign Assembly, Citing Harm to Uganda and Global South
- President Museveni said "Japanese are not wise traders" and warned against foreign companies only assembling, not manufacturing, in Uganda
- Museveni accused Japan and the West of failing to properly apply aggregate demand, hurting African and global south countries
- Majority of Uganda's 3 million vehicles are foreign made, but recent gains in domestic electric auto production
- Museveni said Uganda no longer interested in just assembly, but wants full manufacturing from Japan and others
- Museveni called for Non-Aligned Movement's 6 billion people to promote more trade amongst themselves for mutual prosperity