KAMPALA – A cohort of French investors of more than 25 companies will visit Uganda for a two-day business trip.
The businessmen will be in Uganda from November 25 – 26, 2019 in an initiative orchestrated by MEDEF International – the French Business Confederation which represents MEDEF and its 170,000 member companies and 10 million employees.
This also has the support of the Ugandan authorities, the Uganda Embassy in Paris and the French Embassy in Kampala.
The delegation will be led by Mr. Momar Nguer, Chairman of the Africa Committee of MEDEF International and President Marketing & Services and member of the Executive Committee of Total.
There will be encompassing of major opportunities and challenges at stake in the country. French companies are eager to develop their activities, partnerships, and investments in Uganda.
Areas of concentration include; transport, infrastructure, industrial projects, aeronautics, utilities, logistics, energy (including renewable energy), ICT, water management, banking, and financial services, service to government among others.
During the two-day program, the French business leaders will have the opportunity to meet with the highest Ugandan authorities and many business leaders, with the support of MEDEF International’s counterpart, the Private Sector Foundation of Uganda (PSFU).
Ugandan’s economy is developing at a fast pace, as growth reached 6% in 2018, and should maintain this level for the coming years. Many opportunities exist for the French private sector, especially through the “Vision 2040” promoted by the Uganda government and the large projects that are related in various sectors. The strong population growth, with 47 million projected in 2025 and 63 million in 2030, is, therefore, a huge benefit for the country.
The French companies are convinced of great Uganda’s economic potential and investment opportunities. They are committed to initiate more and strong win-win partnership opportunities between French and Ugandan companies and to contribute to achieving long-term development objectives and growth. To achieve these goals, the French companies offer high-value technologies, transfer of technologies and capacity building, project engineering, socially responsible practices, and sustainable development solutions.
The visit of the MEDEF International delegation demonstrates the confidence of the French private sector in the French-Ugandan partnership and their will to strengthen further the quality of the relationship in a conducive business climate for foreign investors