Ugee

President calls for agro-processing investment

President Yoweri Museveni has urged foreign investors to tap into the abundant opportunities in the agro-processing sector in Uganda. (news from Uganda media centre ) The President made the call yesterday at State House, Entebbe during a meeting he held with a delegation of officials from the US-based Global Environment Fund. The delegation was led by organisation’s Managing Partner Ms. Judith McHale. President Museveni assured his visitors that financial returns in Uganda are very high because the country offers big investment opportunities. He urged the delegation to invest in fruit processing because the country commands sufficient fruit production. Mr. Museveni informed them that Uganda has access to tax and quote free markets in the United States of America, the European Union, India and China. He revealed that government has identified strategic economic activities in the coffee, tea, cotton, fish, milk, beef, horticulture, tourism and information technology as key investment areas. He told them that Uganda is proud of its track record of organic products to which he urged investors to come and take advantage of through establishing business concerns in the country. Ms. McHale reported that her organization has earmarked US$150 million for investment in order to boost companies that are already in operation in Uganda. She said that the objective is to provide those companies with the necessary expertise so that they contribute to the enhancement of local enterprises. Ms. McHale expressed interest in the agro-processing, financial services, construction and logistic and transportation sectors in Uganda. Finance Minister, Dr. Ezra Suruma, of Lands, Housing and Urban Development Mr. Omara Atubo and that of Trade and Industry Hajati Janat Mukwaya, attended the meeting

 

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