President Museveni preaches wealth creation at Kyankwanzi

President Museveni is still preaching the gospel of wealth creation through Value addition. The president in his adress to the NRM caucus said that value addition is needed in the mineral sector to help put Uganda on the move to development.

"I have been telling you for a long time about wealth creation and value addition. This is because of the big mistake of preserving under-development among 68% of our homesteads, according to the 2001 census, by which time only 32% of the homesteads were in the money economy" Mr Museveni said.

.......To show the difference value addition brings to the economy, we can, again, quote the example of coffee. While a kg of raw beans of coffee would fetch Shs.2,500/- (farm gate price), ready to drink coffee would fetch Shs. 40,000/- per kg. That is an increase in value of 1,600%. The same applies with tea." he added