A recent visit by the Presidential Advisory Committee on Investment and Development (PACEID) to China has piqued the interest of Chinese investors in Uganda’s cotton sector. During discussions with Kamhing Textile Company, one of China’s largest integrated textile plants, potential collaborations for supplying the African market were explored. With annual revenues of $600 million, Kamhing, part of Kam Hing International Holdings Limited, processes 100 million kilograms of cotton and supplies renowned retail outlets globally. While expressing interest in Ugandan investments, concerns about factors like water availability and electricity stability were raised by the company. However, PACEID highlighted Uganda’s agricultural production and competitive electricity rates, paving the way for potential partnerships to boost domestic cotton production and reduce reliance on imports.
Uganda's cotton sector garners interest from Chinese investors, with Kamhing Textile Company considering collaborations. Despite concerns raised, Uganda's potential and upcoming oil production drive optimism for economic growth. PACEID aims to attract investments to raise $6 billion in earnings over the next five years, signaling a significant step toward unlocking Uganda's cotton industry potential.