Kasaija said due to its low local manufacturing base, Uganda is now a big supermarket for products manufactured in the region and other parts of the world. He was opening the East Africa Economic Outlook Round Table in Kampala.
The President said that the money spent on imports can be used to build factories and assembly plants within the country. He said assembly plants ensure that people get quality products, freight charges are reduced and jobs are created.
Hope Waira, UIAs Senior Investment Executive says while coffee is the leading export commodity at 27 percent, broadcasting equipment follows in second position at 5.4 percent, refined petroleum at 5.1 percent, and cement at 4.1 percent and cars at 3.5 percent.