President Yoweri Museveni has wooed a section of French investors and asked them to consider investing in Uganda.
This was during a meeting with a delegation of 17 French business leaders at State House Entebbe, led by H.E. Celine Gouveia, President of the France-East Africa Business Council, on Tuesday, 29 October 2024.
He emphasized the critical need to escalate French investment in Uganda’s infrastructure development and also reaffirmed building sustainable partnerships that promote long-term economic growth.
During the discussions, President Museveni emphasized the importance of establishing robust economic ties.
“Our goal is to create relationships that not only benefit our nations but also empower our communities,” he stated.
The meeting focused on collaboration in key sectors such as energy, agriculture, infrastructure, and technology—areas poised for mutual growth and innovation.
In the agricultural sector, the discussions revolved around enhancing productivity and market access.
“By improving our agricultural practices and infrastructure, we can ensure food security and economic stability for our people.”
“We are not just looking for short-term gains; we are laying the groundwork for a lasting partnership that will benefit generations to come,” President Museveni asserted.
The collaborative spirit showcased during this meeting reflects a promising future for Uganda and France, setting the stage for a sustainable economic partnership that can drive progress and prosperity for both nations.
The France-East Africa Business Council represents the largest foreign investor group in Uganda, with French companies contributing an impressive 53% of the country’s foreign investment as of 2023.
