SHENYANG, China — Uganda’s rich oil and mineral resources took center stage at the 1st Uganda–China Mining and Petroleum Investment Promotion Conference, as the East African nation sought to woo Chinese investors and strengthen bilateral ties.
The conference, held in Shenyang, brought together top government officials, industry leaders, and investors from both countries.
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Uganda’s Permanent Secretary of Energy and Mineral Development, Eng. Irene Pauline Bateebe, pitched the country’s investment potential, highlighting its rich mineral and petroleum deposits. “Uganda is rich in mineral and petroleum resources,” she said. “We are establishing the right legal frameworks, infrastructure, and incentives to ensure value addition, sustainability, and profitable investment.”
The conference marked a significant milestone in Uganda-China relations, which were elevated to a Comprehensive Strategic Partnership last year. Ambassador Oliver Wonekha and Consul General Judyth Nsababera reiterated Uganda’s vision for equitable and long-term industrial partnerships.
In a video message, President Yoweri Kaguta Museveni extended a warm invitation to Chinese investors, touting Uganda’s stability, openness, and eagerness to collaborate with long-term partners. “Uganda is stable, open, and eager to work with long-term partners,” he said. “We welcome you to be part of our transformation journey.”
Conference presentations spotlighted Uganda’s investor-friendly policies, project pipelines, and business reforms. Chinese companies already operating in Uganda, such as CNOOC, shared success stories and best practices in oil and gas exploration.
Mr. Cui Changzheng, Deputy Secretary General of the Liaoning Provincial Government, praised the growing bilateral trade between Uganda and China, highlighting a 78% surge in trade between 2023 and 2024.
As the forum drew to a close, Ugandan officials urged Chinese investors to explore the country’s vast opportunities in mining, energy, and beyond.
“Uganda is not just open for business. We are building an economy that works for the future. Join us,” said Amb. Nsababera.
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