Euro Techno Group, an Italian company is planning to invest in coffee processing factory worth 20m euros, in Uganda.
According to the investment plan presented by the Techno Group officials led by the company president Luca Anghinelli, to the Prime Minister, Amama Mbabazi, the investment will run as a joint venture with Palombini, the third largest coffee roaster in Italy.
The Prime Minister, while on an official visit in Italy last year, interested a number of Italian companies to come to Uganda to explore business opportunities.
Euro Techno Group was in the country on a follow-up visit to discuss further business opportunities with the relevant government departments.
Mbabazi informed his guests that Uganda was a major coffee producer and pledged the Government's commitment to facilitate the establishment of a coffee processing factory in Uganda.
"Uganda is capable of producing a variety of agricultural products but lacks capacity in value addition," he added.
Mbabazi proposed that Techno Group should consider partnering with out-growers to contribute 40% of the require tonnes of coffee for processing. Anghinelli, told the Premier that if the investment is realised, the factory intends to produce 100,000 tonnes of processed coffee for export per day.
He said that his company was interested in establishing a juice factory as well.