Chinese supermarket expansion
I have nothing against the Chinese, but I too would like to comment on the mushrooming supermarkets run by Chinese in and around Kampala.
Recently, Amelia Kyambadde, the Uganda trade minister had talks with representatives of the Chinese business community and put across the concerns of locals.
For many of us it is absurd to fly halfway across the world to open a modest supermarket in Kampala.
Is this really the kind of foreign investment that Uganda needs.
For one thing, you hit directly at the neighbourhood kaduka owner unlike the bigger operators like Nakumatt who locate their stores in high density areas.
These days you can find a Chinese run supermarket in the most unlikely places.
One can counter that this is a liberalised economy, however let us also consider the returns of a supermarket for a Chinese investor. Were talking very samll margins!
I think it has been explained to the Chinese that their money should go into more productive sectors, like agro-processing. Here Uganda remains relatively weak and lossing out on value addition.
I seem to recall that some Chinese accepted setting up factories, but complained about taxes and so on. The point is let us have a policy on it.