Uganda’s Prime Minister, Robinah Nabbanja, welcomed a high-profile delegation of business representatives from China, headed by the Chinese Ambassador to Uganda, Zhang Lizhong. The meeting, held at the Prime Minister’s office, focused on exploring and discussing investment prospects in Uganda across various sectors.
During the interaction, Prime Minister Nabbanja highlighted the country’s investment potential, emphasizing the diverse opportunities available in key sectors of the Ugandan economy. She specifically pointed out areas such as tourism, agriculture, mining, and the burgeoning oil and gas industry as lucrative prospects for potential investors.
The Chinese delegation, comprised of both established investors in Uganda and those exploring new opportunities, engaged in discussions to better understand the regulatory landscape, potential risks, and incentives offered by the Ugandan government to foreign investors.
Ambassador Zhang Lizhong expressed China’s ongoing interest in bolstering economic ties with Uganda and lauded the country’s commitment to creating a conducive environment for foreign investments. He acknowledged the efforts made by the Ugandan government in facilitating and encouraging foreign businesses to invest in the country.
Several members of the Chinese delegation shared their positive experiences of investing in Uganda and expressed keen interest in further expanding their operations. Others in the delegation, yet to make investments, expressed optimism about the potential opportunities and vowed to explore them further.
The meeting concluded with a commitment from both sides to continue dialogue and collaboration, with the aim of fostering stronger economic relations and facilitating increased Chinese investment in Uganda. Prime Minister Nabbanja reiterated Uganda’s willingness to support and welcome foreign investors who are willing to contribute to the country’s development.
As Uganda continues to position itself as an attractive investment destination in Africa, such interactions with foreign delegations underscore the nation’s dedication to fostering mutually beneficial partnerships and spurring economic growth through foreign investments.
