President Yoweri Kaguta Museveni has urged Italian investors to bolster Uganda’s economic growth by investing in the country’s various sectors.
During a meeting with a delegation from Italy led by Ambassador Stefano Gatti at State House Entebbe, President Museveni emphasized the need for private sector capital from Europe to support Uganda’s development endeavors.
Commending Italy’s swift response to his proposal of sending a delegation to identify investment opportunities, President Museveni highlighted Uganda’s abundant natural resources and untapped investment potential.
He urged investors to consider setting up factories to add value to Uganda’s coffee production, citing the country’s increasing coffee output and the opportunity for expansion with the implementation of irrigation techniques.
Additionally, President Museveni encouraged Italian investment in the manufacturing of veterinary drugs, vaccines, and pharmaceuticals, emphasizing the potential for collaboration to reduce import dependency.
Reflecting on Uganda’s dairy industry success story, President Museveni highlighted transformative measures that led to significant growth, indicating a readiness for further collaboration in this sector.
Assuring investors of a ready market for their products, President Museveni welcomed Italy’s climate fund project, emphasizing its importance in environmental conservation efforts.
Furthermore, President Museveni emphasized the mutual benefits of equitable economic partnerships and urged European political actors to recognize their significance.
Prime Minister Rt. Hon. Robinah Nabbanja expressed gratitude for the opportunity to represent Uganda at the Italy-Africa Summit, where discussions on development plans highlighted areas such as education, agriculture, health, water, and energy.
Ambassador Stefano Gatti affirmed Uganda as a new priority country for Italy’s development cooperation, particularly focusing on the coffee sector and climate change mitigation efforts.
Highlighting Italy’s expertise in livestock, agro-foods, and healthcare, Mr. Stefano expressed a keen interest in collaborating with Uganda to transfer technology and solutions for mutual development.
The meeting, attended by key officials including Dr. Monica Musenero, Hon. Matia Kasaija, and Hon. Ruth Nankabirwa Ssentamu, signifies a step towards strengthening bilateral ties and fostering economic growth in Uganda.
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