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President Museveni promotes Uganda as great investment opportunity to Japanese investors

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Uganda’s President Yoweri Museveni has called on Japanese investors to exploit Uganda’s advantageous investment opportunities and partner with government to promote trade and development.

“We have made our own hybrid solar powered car and bus. We can make partnerships with you to make solar powered batteries,” he said.

According to a Uganda Presidential Press Unit statement, Museveni met several potential investors in solar power panel production, medical infrastructure (Hospitals) and logistics at his residency at the Intercontinental Hotel, Yokohama, Japan, on Wednesday, 28 August 2019.

The delegation expressed interest in clean energy, particularly production of solar panels, Health infrastructure like hospitals in partnership with government, logistics and transportation.

“Our government is working to stop our people from seeking medical aid in foreign countries, especially India. We want to build our own hospitals in Uganda. We can support investors with land for such infrastructure,” Museveni told the investors.

Museveni is in the Japanese seaside city of Yokohama where he joined other world leaders to attend the Tokyo International Conference on African Development (TICAD).

This years’ conference is being held under the theme “Africa and Yokohama, Sharing Passion for the future”.

it is hosted by the Japanese government and is co-sponsored by the United Nations, the United Nations Development programme (UNDP), the Africa Union Commission and the World Bank.

Japanese and African leaders from over 50 countries are meeting in Tokyo for a three-day event focused on boosting Japanese private investment in Africa.

It’s the seventh time the event has been held since 1993 and according to reports the Japanese government wants to use the occasion to unveil a three-year investment package aimed at expanding its presence on the African continent.

The African leaders attending the conference include Julius Maada Bio of Sierra Leone, Andry Rajoelina of Madagascar, Ismail Omar Guelleh of Djibouti, Joao Lourenco of Angola, Hage Geingob of Namibia, George Weah of Liberia, Felix Tshisekedi of Democratic Republic of Congo, Uhuru Kenyatta of Kenya, and Abdul Fatten Al-Sisi of Egypt.

Others are Paul Kagame of Rwanda, Mohamed Abdullahi Farmajo of Somalia, Emmerson Mnangagwa of Zimbabwe, Faure Gnassingbe of Togo, Mahamadou Issoufou of Niger, Nana Addo Dankwa Akufo-Addo of Ghana, Muhammadu Buhari of Nigeria, Cyril Ramaphosa of South Africa, Ibrahim Boubakar Keita of Mali, Edgar Lungu of Zambia and Macky Sall of Senegal.

– APA

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