KAMPALA, Uganda — President Yoweri Museveni met with a delegation of French investors yesterday, reinforcing bilateral economic cooperation between Uganda and France. The meeting aimed to strengthen economic ties and attract more French investment to Uganda.
France is already Uganda’s largest foreign investor, accounting for 53% of the country’s foreign investment in 2023. The French delegation, led by Celine Gouveia, President of the France-East Africa Business Council, discussed key areas such as infrastructure development, regional integration, affordable power generation, and agricultural resilience through irrigation projects.
“We need infrastructure because it links the buyer to the consumer,” Museveni said, emphasizing Uganda’s investment potential. He praised his government’s pro-business approach, crediting it for Uganda’s private sector growth.
Gouveia reaffirmed France’s commitment to Uganda’s sustainable development, noting the presence of 40 French companies across various sectors. “This presence represents a strong vote of confidence in Uganda’s economic landscape,” she said.
Uganda’s Minister of Finance, Planning and Economic Development, Matia Kasaija, welcomed France’s investment, citing its potential to create jobs and stimulate economic growth.
The Ugandan government has been actively seeking foreign investment, particularly in sectors such as agribusiness, sustainable mining, enabling infrastructure, and sustainable tourism. The country’s favorable business environment and growing economy make it an attractive destination for investors.
Recent initiatives have showcased Uganda’s commitment to boosting trade and investment. The government aims to attract significant investments to accelerate economic growth and development.
