President Yoweri Kaguta Museveni met with a delegation of Egyptian investors, led by H.E Dato Arshad Mahmood, Chairman of the International Investment Consortium Inc., at State House, Entebbe on Tuesday.
Emphasizing the pivotal connection between business success and robust infrastructure, the President welcomed the group warmly.
During the meeting, President Museveni highlighted Uganda’s abundant raw materials, including diverse agricultural products, ample electricity, and significant capital and he urged the importance of entrepreneurship to leverage these resources and favorable weather conditions.
The President showcased Uganda’s potential market opportunities, boasting a population of 46 million, 300 million East Africans, and access to a potential 1.5 billion consumers through the Continental Free Trade Area (CFTA).
Ensuring the Egyptian investors of existing trade arrangements with major partners, including China, the European Union, and the United Arab Emirates, President Museveni affirmed Uganda’s commitment to facilitating business. He also assured them that necessary infrastructure, such as roads, electricity, and water, is either in place or under development.
Encouraging investment proposals in various sectors, including coffee roasting, textiles, fruit processing, dairy, and mining, the President pointed out abundant resources like marble and granite. He shared the success story of bringing back the Indian community, emphasizing the importance of nurturing the private sector.
In response, H.E Dato praised President Museveni’s leadership and expressed the investors’ commitment to contributing substantially to Uganda’s economic growth. Minister of State for Investment and Privatization Hon. Evelyn Anite also attended the meeting.