President Yoweri Kaguta Museveni on Tuesday held a meeting with a delegation of Egyptian investors at State House, Entebbe.
The delegation was led by H.E Dato Arshad Mahmood, the Chairman of the International Investment Consortium Inc.
The consortium is a global design and finance investment consortium that is driving economic growth across the planet.
During the meeting, the President warmly welcomed the group, emphasising the crucial link between business success and robust infrastructure such as roads, railways, and water systems.
President Museveni also highlighted Uganda’s wealth of raw materials, including diverse agricultural products, abundant electricity, and ample capital.
He emphasised the country’s need for entrepreneurship to capitalise on its abundant resources and favourable weather conditions.
Enthusiastically discussing Uganda’s potential, the President showcased the vast market opportunities, boasting a population of 46 million Ugandans, 300 million East Africans, and access to a potential 1.5 billion consumers across Africa through the Continental Free Trade Area (CFTA).
President Museveni further assured the Egyptian investors of existing trade arrangements with major partners, including China, the European Union, and the United Arab Emirates.
Highlighting Uganda’s commitment to facilitating business, the President also affirmed that all necessary infrastructure, such as roads, electricity, and water, is either in place or under development.
President Museveni also encouraged investment proposals in sectors like coffee roasting, textiles, fruit processing, dairy, and mining, pointing out abundant resources like marble and granite for various applications.
On the other hand, he shared the success story of bringing back the Indian community, which was expelled by former leader Idi Amin, which now contributes significantly to the country’s economy.