Uganda dubai expo 20218/11/2023 The pavilion shows emerging investment opportunities, mostly in agriculture, energy, minerals, oil and gas industries. Uganda pavilion at the Dubai Expo site is in the ‘opportunities’ area, intended to promote Uganda as a destination for trade and a transport and logistics centre. The UIA chairperson further confirmed they had signed a deal with the business conglomerate Modern Group, investing US$50m in manufacturing, agriculture, and mining in Uganda. Worldera Corporation deals in industrial, manufacturing, shipping and commodity trading based in Dubai. The UIA has also teamed up with Worldera Corporation to invest US$50m in several sectors such as mineral processing, agriculture and education sectors. The plant will manufacture diagnostic kits for deadly illnesses such as HIV/Aids, malaria and tuberculosis, and other point-of-care diagnostic technology. Wondfo Biotech, a company based in Guangzhou, China, will also invest US$50m in a pharmaceutical plant in Uganda. Connect company, a UAE-based company will pursue several projects, including a renewable energy initiative that will generate electricity and provide smart energy storage. Our partners therefore have a wide variety of investment options to pick from,” Mr Mukiza said.Īccording to Morrison, the UIA also signed a letter of intent with Connect, and it will invest US$500m in Uganda. “These projects can be actualised through public-private partnerships, joint ventures, private or public arrangements … some are greenfield, brownfield or expansion projects. Uganda is promoting 79 bankable projects which are at different development stages, all of which are ready for investors. The commitments include investments in several sectors, such as renewable energy, agriculture, transport, manufacturing medical kits and mineral processing.Īccording to Robert Mukiza, the director-general of the Uganda Investment Authority, Uganda hopes to attract about $4 billion from the new investment to fuel its post-pandemic recovery. UGANDA, Kampala | Real Muloodi News | Morrison Rwakakamba, the Uganda Investment Authority (UIA) chairperson, revealed during interviews with several media houses that Uganda signed investment deals worth UShs3.2 trillion at the Dubai Expo, which ran from October 5th – 11th. Kikonyogo was addressing journalists at the party headquarters in Najjanankumbi Kampala.Dubai Expo: Uganda inks UShs 3.2 Trillion in investment deals in Abu Dhabi. He challenged the public to task the govern explain the returns of the expo in regards to investment inputs in the expo. John Kikonyogo, the deputy spokesperson FDC said Uganda is globally known for the production of healthiest fruits but they were never showcased at the expo. “Uganda’s stall/pavilion was poorly manned, majorly Uganda is a natural paradise, tourism and agriculture is our greatest export, but never showcased at the expo,” disappointed FDC noted. Ugandans from all walks of life who rushed to comparisons with other stalls urge that the country is richly blessed tourism and agricultural products which would instead showcase at the expo.įDC says that Uganda’s exhibition at the Expo is not only disheartening but also annoying. The expo which was scheduled for last year was postponed due to the outbreak of corona virus pandemic that raged war on states economies.Ī photo of President Museveni thronged with some members of his cabinet and some MPs showcasing Lato milk and Kayonza tea bags on a table laid with a massai cloth at the expo has left the world in shock and stunned criticism against the government and the organizers of the event for misuse of public funds in the event.
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