President Yoweri Museveni held a meeting with a delegation of Egyptian investors at State House, Entebbe.

The delegation was led by 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.

The President also highlighted Uganda’s wealth of raw materials, including diverse agricultural products, abundant electricity, and ample capital.

“Then you need the natural resources and Uganda has got a wide spectrum of these resources from which you can produce a good or a service.

“As you can see, we have got very good agriculture. We have got everything here, we have got food, raw materials for everything else in agriculture.

Our agro-processing sector is a huge area; to process grains, milk, beef, fruits and everything, the raw materials are there. We also have forest products.

The trees here grow very quickly and it is very easy to produce forest products here like papers and furniture,” he said.

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).

The President further assured the Egyptian investors of existing trade arrangements with major partners, including China, the European Union, and the United Arab Emirates.

The President also affirmed that all necessary infrastructure, such as roads, electricity, and water, is either in place or under development.

The President 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.

 Dato praised President Museveni’s leadership and expressed the investors’ commitment to contributing to Uganda’s economic growth through substantial investments.