Africa Is So Rich And Yet So Poor – President Museveni

Posted by: lukwago J in Uganda news July 18, 2019

President Museveni is pleased with the opportunity, alongside His Excellency Paramasivum Pillay Vyapoory President of the Republic of Mauritius and His Excellency Edgar Lungu,President of the Republic of Zambia, to share this experience at the Kenyatta International Convention Centre in Nairobi where His Excellency Uhuru Kenyatta hosted the high-level business summit as part of the Source 21 COMESA International Trade Fair.

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Africa is a continent of under production. He heard that in Brazil, production can go up to 80 tones per hectare of bananas but Ugandans go up to 5.3 tonnes. Secondly, Africa is a continent of under consumption. You can catalog the under consumptions in terms of meters of textile, the steel used in housing.

For example, I am a man of milk, so I know the under consumption of milk. In 1986, Ugandans were drinking 18 liters per person per year, now they have improved a bit and they are drinking 60 liters per year, yet WHO (World Health Organisation) says you must drink 210 liters,’said Museveni.

Even with the African Growth and Opportunity Act (AGOA), which gave Africa 6500 products to enter the American market tax-free, we have failed to hit that target.

I think this AGOA is the greatest thing the West did for Africa in the last 500 years. But we are not able to take advantage of it,’he said.

Africa is so rich and yet so poor. There are a number of bottlenecks that we need to deal with including; market integration, infrastructures such as roads and electricity and other cost pushers,’he added.

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