{"id":172780,"date":"2015-12-08T12:34:03","date_gmt":"2015-12-08T12:34:03","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=172780"},"modified":"2015-12-08T14:36:46","modified_gmt":"2015-12-08T14:36:46","slug":"uganda-to-set-up-first-car-assembling-plant-with-chinese-cash","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2015\/12\/uganda-to-set-up-first-car-assembling-plant-with-chinese-cash\/","title":{"rendered":"Uganda to set up first car assembling\u00a0plant\u00a0with Chinese cash"},"content":{"rendered":"<p style=\"text-align: justify;\">China is consolidating its investment in Africa, and Uganda is the latest beneficiary of Chinese funding, following reports that Uganda is setting up its first car assembling plant, expected to create 10, 000 jobs.<\/p>\n<p style=\"text-align: justify;\">The assembly plant, which will be situated about 56km from the capital Kampala, within the Uganda Liao Shen Industrial Park, \u201cis a venture co-invested in and managed by Zhong Da Group and Zhang\u2019s Group,\u201d New Vision reports.<\/p>\n<p style=\"text-align: justify;\">Uganda\u2019s President Yoweri Museveni, who commissioned the industrial park reportedly said $600m has been invested in this venture, which will create 10,000 jobs. According to the New Vision, 49 other industries are expected to be set up in the first rural industrial park in the country at Kapeeka, Nakaseke district.<\/p>\n<p style=\"text-align: justify;\">Infrastructure construction is expected to be complete by the end of the year, to pave the way for the first 10 enterprises, which \u201cwill include an automobile assembling, electronics, tools and machinery, agro-processing, beef processing and packaging and animal feeds processing plants,\u201d New Vision reports. The \u201c50 diversified industries\u201d are expected to be in operation by 2020.<\/p>\n<p style=\"text-align: justify;\">At the recently concluded Forum on China-Africa Cooperation (FOCAC), China indicated its intentions to expand investments in Africa. President Xi Jinping announced a $60-billion-dollar package, which will benefit Africa in 10 major sectors to include: industry and infrastructure development, trade and investment facilitation, poverty reduction and public welfare, public health, people-to-people exchanges, peace and security.<\/p>\n<p style=\"text-align: justify;\">Several deals between China and various African countries were signed on the sidelines of the forum.<\/p>\n<p style=\"text-align: justify;\">&#8211;<\/p>\n<p style=\"text-align: justify;\">Source: Thisisafrica<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China is consolidating its investment in Africa, and Uganda is the latest beneficiary of Chinese funding, following reports that Uganda is setting up its first car assembling plant, expected to create 10, 000 jobs. The assembly plant, which will be situated about 56km from the capital Kampala, within the Uganda Liao Shen Industrial Park, \u201cis [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":172782,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[18,14],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Uganda to set up first car assembling\u00a0plant\u00a0with Chinese cash - Citi 97.3 FM - Relevant Radio. 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