Tuesday, 7 December 2010

Kategaya challenges donors to invest in EA

From The Citizen Daily, Dar es Salaam
By Ray Naluyaga, The Citizen Bureau Chief

Mwanza. The Ugandan Deputy Prime Minister and the Minister in charge of East African Affairs, Eriya Kategaya, has criticised the European Union and United States for demanding African democratisation for investment.

Speaking during the first Lake Victoria Basin Investment forum yesterday, Mr Kategaya said same countries which demand African countries to be democratic are fighting for investment space in China.

“Among the countries known to be undemocratic is China but they go there regardless,” he said.

Mr Kategaya told delegates from the five East African States that the European Union has set aside Euro 168 million for training and financing election observers throughout the continent while they know well that African villages have no electricity.

“What will these election observers be able to observe at the time when areas and places they should be observing are dark?” he quipped.

He said the Lake Victoria basin is among the richest in resources and investors should first consider opportunities available in investment which will eventually help in economic growth and poverty alleviation.

Read full story.

No comments: