President Museveni woos European investors at 2nd Uganda-European Union Business Forum

The 2nd Uganda-European Union Business Forum opened on Wednesday October 26, 2022 at the Speke Resort Munyonyo under the theme: Mobilizing quality investments and enhancing trade between Uganda and the European Union. 

The two-day hybrid forum, organised by the European Union Delegation to Uganda, the Private Sector Foundation of Uganda, the Uganda Investment Authority and a host of European and Ugandan Agencies, was officially opened by President Yoweri Museveni yesterday. 

In his address, President Museveni urged European investors and businesses to take advantage of Uganda’s profitability by building and locating production facilities in the country. He also assured European investors and businesses of ready markets across East African and African. "Uganda is welcoming you to invest and do business. You’ll be offered incentives like Ugandans. We believe in indirect taxation. All we want is for you to contribute to our GDP by locating your production and service provision here," Mr Museveni said. 

In his speech, EU Ambassador to Uganda H.E Jan Sadek said the European Union stands ready to promote Uganda as an investment destination. "I truly believe that this kind of initiative is key to mobilise higher levels of private investments and to create new business opportunities in priority sectors in Uganda," he said. "We have a key role to play to enable European investors to have a deeper understanding of the business environment and investment climate prevailing in Uganda. The message we are conveying to European companies and investors is: “Come to Uganda seize the opportunities offered by the Pearl of Africa and the region. We will all benefit from those partnerships."