The Monitor (Kampala)

Uganda: Museveni Woos French Investors

President Museveni has asked the visiting French delegation to consider investing in the country's transport and energy infrastructures.

According to President Museveni, more investments in the country's infrastructure development through roads, railway networks and energy will not only allow Uganda harness its rich potential in agricultural, mineral and petroleum products, but also enhance global competition.

"Uganda is now a very fertile ground for investment, especially in the infrastructure sector," President Museveni told the visiting French investors at State House in Entebbe on Thursday.

The investors are in the country to explore investment opportunities in various sectors

"With a stable macro economy coupled with the availability of big markets such as the East African Community and COMESA, Uganda is capable of exporting its produce to the United States of America, the European Union, India and China all of which are tax and quota free," Mr Museveni said.

France already has several investments in Uganda including the recently introduced Orange in the Ugandan telecommunications industry, the take over of Caltex Uganda by Total and Hima Cement, a subsidiary of Lafarge, which is expected to double its production capacity according to reports.


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