Banks have turned our country into a supermarket of Chinese goods – Museveni.

By E K Benj

Uganda President Yoweri Kaguta Museveni has joined fellow heads of state on the continent to lash out to China for fake goods on the market.

Several African leaders including Paul Kagame of Rwanda, Jewel Taylor of Liberia, John Pompe Magufuli of Tanzania and others have in the past lashed out to China’s unfair trade with the continent.

Meeting with H.E Nicolaij Peterson the Danish Ambassador to Uganda and his deputy Henric Jespersen on Friday at State House Entebbe, Museveni received a detailed brief on current and upcoming initiatives of cooperation between the two countries.


The contribution of the Danish government and people to Uganda over the years which he well appreciated and particularly the interventions towards the fight against COVID-19.

“On economic support, I welcome the low interest loan service to the agriculture sector through ABI Trust, where our farmers are accessing capital at no more than 10% interest rate. This is a breathe of fresh air from the extortionist commercial banks that have turned our country into a supermarket of Chinese goods, since their exorbitant interest rates only support traders who deal in such merchandise and can afford the rates.” Museveni latter posted on his social media accounts.

Museveni also briefed the envoys on the proposed scientific election roadmap. His view is that the elections can go on within the guidelines of the electoral commission and the scientists.

Concerning COVID -19 fight, Museveni says Uganda is manoeuvring, led by scientists, with prevention strategy and boosting immunity for the cases the country has registered.
According to Ministry of Health the country has 717 recovered as of 24th June 2020 and no death registered so far.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s