Anite Evelyn, Minister of State of Finance for Investment and Privatization has implored the French companies to take advantage of Uganda’s good business climate.
Anite reechoed President Museveni’s call for the Europeans to invest in Uganda.
While speaking at the event held at the French residence to conclude the two-day French business delegation visit to Uganda, Anite noted that, “Uganda has a very good climate, enough security, with over 32 minerals, skilable labor; employable, and very hard working young people, in other words cheap labor.”
Anite assured the delegation that, “Uganda is the only country where you can repatriate your profits without any restriction, where you are given land free of charge to invest in, and you are sure of recouping your capital that you have invested and easy to make profits.”
“we will facilitate your investment, we don’t call you investors in this country but rather our development partners because we know together with you we can transform Uganda and build Africa.
We know that you wish well for Uganda and Africa as a whole and you want to work with us to develop Uganda.”
The Minister also said that the benefits will be two-way as the investors will be rest assured of making a lot of profits within a short time.
The Head of delegation Momar Nguer, Chairman of the Africa Committee of MEDEF International, President Marketing and Services and member of the Executive Committee of Total said that the visit was very fruitful.
“The visit has quite been fruitful. the French companies have come to think that Uganda is the next business destination because of the corporeal climate of business here.
“Some of the companies that I led are those companies looking at new opportunities and they have gotten assurance from the government officials that they are most welcome to do business and long term partnerships.”
Over 25 French business leaders were in the country in search for investment opportunities.
The visit was spearheaded by MEDEF International French Business Confederation that represents MEDEF and its 170,000 member companies and 10 million employees with the support of the Ugandan authorities, the Uganda embassy in Paris and the French embassy in Kampala.
The visit demonstrates the confidence of the French private sector in the French-Ugandan partnership and their will to strength further the quality of the relationship in a conducive business climate for foreign investors.