M7 To French Investors: We’ve Handled Governance Issues, Uganda Has Sorted Out Roads
Uganda’s President, Yoweri Museveni is using his visit to France to woo investors urging them that it is profitable to invest in the East African nation.
Museveni arrived in France on Sunday for a two-day working visit which will focus on trade relations between Uganda nad the European power.
“I have met over 50 investors in Paris, France this morning under their group, MEDEF, which has 750,000 member firms,” Museveni wrote on his twitter account after meeting the tycoons in Paris.
He added, “I urged them to invest in Uganda since ingredients to promote trade; producer, buyer & infrastructure, are in place. Uganda & Africa’s population is increasing & with it, it’s purchasing power.Our demand is backed by ability to pay. Investors in Uganda have a market of 40 million people, 160 million at EAC level and 700 million at COMESA.”
The president also revealed that the country is engaged in negotiations with major economies like USA, China and the European Union (EU) for market of products.
“We’ve also negotiated third party market access with the EU, US and China. We are also talking to Japan and India,” he said.
Museveni also spoke about the country’s infrastructure saying, “Uganda is blessed with natural resources. We have raw materials for agriculture, livestock, forests and minerals.On tourism, Uganda lies right on the equator & yet at a high altitude. This makes our climate very friendly.”
On the sticky issue of governance that most western powers show unease with the president, Museveni said Uganda has handled the issues.
“Finally is stability. We’ve handled governance issues & Uganda now has durable stability. Investors should know this,” Museveni said.
Earlier, the president who was accompanied by the First Lady, Janet Museveni, met with 14 African ambassadors based in France and urged them to market Africa as a trade destination.