Uganda has welcomed a delegation of South Korean investors seeking opportunities in transport infrastructure, agriculture, agro-processing and mineral development, as part of efforts to strengthen trade relations and promote technology transfer.
Emmanuel Atwine, Senior Commercial Officer at the Ministry of Trade, Industry and Cooperatives, said the visit signals growing economic cooperation between Uganda and South Korea.
"We are receiving a delegation of businessmen and investors who have come to Uganda to see how we can promote trade and investment between the two countries," Atwine said.
According to the ministry, the delegation includes investors interested in electric railway systems, commercial agriculture, agro-processing and mineral value addition. The engagements aim to create jobs, introduce new technologies and strengthen Uganda's industrial capacity.
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Atwine said discussions will focus on partnerships to develop Uganda's mineral value chain, improve transport infrastructure and expand agro-industrial production.
"They want to invest in sectors that promote job creation and technology transfer. We want to see new technologies brought into the country across these sectors," he said.
The visit is being coordinated under the auspices of the Uganda National Chamber of Commerce and Industry in partnership with the ministry. Officials expect business-to-business and government-to-business agreements, including memoranda of understanding, to emerge from the engagements.
The delegation is also exploring opportunities in cocoa and coffee value chains, alongside plans to support modernization of Uganda's railway network through technology partnerships.
Atwine said Ugandan business leaders are expected to travel to South Korea at a later date to explore skills development and investment opportunities, with the aim of strengthening long-term cooperation.
He emphasized that South Korea's advanced expertise in transport systems, manufacturing and industrial technology presents an opportunity for Uganda to modernize key sectors and accelerate economic growth.
"We are looking at strong partnerships that will promote technology transfer and build the economy of the country," he said.
The delegation is scheduled to tour various regions over several days to assess investment prospects, as Uganda seeks foreign partnerships that support value addition, job creation and sustainable industrial development.
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