PRIME MINISTER OF UGANDA VISIT EUROPEAN TECHNO GROUP
Prime Minister Amama Mbabazi met the group led by its President, Luca Maria Anghinelli in Rome, Italy on Thursday. He was in the European country to market Uganda’s potential as an international investment destination. European Techno Group specializes in energy development, information and communications technology, traffic control data systems, oil and gas platforms, and digitalizing medical systems, among many other sectors.
The company is also interested in constructing the proposed 88-megawatt Ayago power project in northern Uganda. It intends to undertake a preliminary study for the coffee project in two weeks’ time.
Mbabazi assured the investors of availability of competitive labor with over 30 universities churning out at least 50,000 graduates every year.
“There is a lot of potential in cooperatives and marketing, agriculture, information and communications technology sector, not forgetting tourism and others” Mbabazi noted. He outlined the country’s mineral potential and opportunities in the nascent oil and gas sector.
He said the country had a comparative advantage in agriculture which required harnessing. He welcomed the group’s planned investment, and invited other companies for an Italian country presentation due in Kampala soon.
Mbabazi was accompanied by the Senior Presidential Advisor on General Duties and Chairperson of the NRM National Women’s League who is also his wife, Jacqueline Mbabazi, State Ministers Agnes Akiror (Tourism and Wildlife), David Wakikona (Trade and Antiquities).
Others were the Italian Ambassador to Uganda, Stefano Dejak, the Charge d’Affaires at Uganda’s Embassy in Italy, Dr Mumtaz Kassam and the Deputy Executive Director of Uganda Investment Authority, Tom Buringuriza.
Dejak said the east African regional market with over 140 million consumers was worth noticing. He noted that Ugandans got Italian products from Dubai but they should get them direct at home from Italian companies.