The PSST Ramathan Ggoobi has invited French Investors to Uganda to pertake in the economically rewarding,exciting & renewed ambition of growing Uganda’s economy into a 500-billion-dollar economy (£476 billion) in the next 15 years.
He extended the Invitation at the Uganda Investment,Tourism and Trade Conference (17th -20th February,2025) taking place in Paris,France.
“We have a brand-new National Development Plan (NDPIV) anchored on a Tenfold Growth Strategy,” said the PSST, adding that the 4 key priority investment areas are the ATMS (Agro-based industrialization,Tourism & travel,mineral-based industrialization as well as Science,Technology and Innovation including IT.
Apart from ATMS,Ramathan Ggoobi said there are other investment opportunities in Construction,Electricity,
Social service sector,Irrigation and water & Industrial parks among others.
He noted that France and Uganda are nurturing a fast-growing economic partnership & the French Chamber of Commerce has already established offices in Uganda, making France the first European Union country to establish a chamber
of commerce in Uganda.
He said French companies have committed to invest over €3.8 billion in Uganda
over the next 3 years (2025-2027) on top of the on-going big investments in Uganda’s oil and gas sector by Total Energies.
He added that there are over 40 French companies in Uganda, employing about 3,000 Ugandans, and directly paying substantial tax revenue.
“I am here to invite you to Uganda for three key things:
i. Come and invest in Uganda.
ii. Come and export Uganda’s products to EU.
iii. Come and visit Uganda and see the wonders of nature,
biodiversity, culture, and new experiences,” he noted adding that, their coming to Uganda will create value for both countries, business and
people.
He gave assurance that government will do whatever is necessary to help them set up business or feel comfortable and safe while visiting the Pearl of Africa.
