President Museveni Urges Egyptian Investors to Tap into Uganda's Infrastructure and Value Addition Sectors

President Yoweri Kaguta Museveni recently hosted a delegation of Egyptian investors at State House in Entebbe, urging them to channel their resources into Uganda’s growing economy. Led by Uganda’s Deputy Ambassador to Egypt, Lt. Gen. Charles Angina, the investors discussed potential partnerships aimed at strengthening bilateral economic ties.

During the meeting, President Museveni highlighted Uganda’s vast agricultural, mineral, and forestry resources, stressing that the country needs more factories to drive value addition. He pointed out that Uganda’s economic framework relies on four core pillars: commercial agriculture, manufacturing, services, and ICT.

To ensure locally manufactured goods remain globally competitive, the President underscored the necessity of reliable and affordable infrastructure. He pointed to power generation as a critical area, noting that affordable electricity is vital for industrial growth. Furthermore, he advocated for railway transport developments to shift cargo off roads, which would significantly lower transportation costs.

Irrigation was another major priority highlighted by the President. He explained that expanding irrigation infrastructure will reduce reliance on rain-fed agriculture, protect farmers from climate challenges, and guarantee a steady supply of raw materials for processing facilities. Additionally, Museveni encouraged private sector involvement in toll roads.

Welcoming the delegation’s interest, the President endorsed a proposal to establish an industrial park dedicated to processing coffee and cotton. He also accepted a plan to sign a memorandum of understanding covering strategic projects.

Eng. Moustafa Saad Soliman Elsayed Ahamed, speaking on behalf of the Egyptian delegation, praised Uganda’s stable investment climate. He affirmed their commitment to partnering with Uganda on critical infrastructure projects like roads, railways, and water systems to foster intra-African development. Read more about the discussions on State House Uganda.