Uganda invites Pakistan to invest

[Edevelop]

ISLAMABAD: Uganda offers unlimited business opportunities to Pakistani investors in many fields, which can be exploited, said Republic of Uganda Ambassador to Iran Dr Mohamed Ahmed Kisuule in a meeting at the Islamabad Chamber of Commerce and Industry (ICCI).

“Foreign investors are earning 300-400% margins in Uganda, especially in the steel sector. Pakistani businessmen and traders must enhance their presence there to earn lucrative returns,” he said.

He identified sectors such as pharmaceutical, steel, marble, food processing and many others as potential for investment in Uganda.

He said Uganda was also a gateway for Pakistan to access East African countries and it was the right time for investors to establish themselves there to tap the available business potential and penetrate the Eastern African market.

“Uganda offers cheap land and full protection to foreign investors and Pakistan should take maximum benefit of these attractive incentives,” he said.

Speaking at the occasion, ICCI Senior Vice President Muhammad Shakeel Munir said Uganda was still an unexplored market for local entrepreneurs due to which presence of Pakistani products there was minimal.

He said both countries should encourage frequent exchange of business delegations and organise exhibitions. Measures should also be taken to remove all bottlenecks that hamper the promotion of bilateral trade between the two countries.

He said Pakistani products like rice, textile, pharmaceutical, surgical, sports and leather goods, marble products, home appliances and food products have great potential to meet the needs of Uganda and East African markets.

He assured that ICCI would like to work closely with the Embassy of Uganda in Iran and Pakistan to bring private sectors of both countries closer.


Bilateral trade: Uganda invites Pakistan to invest – The Express Tribune

 

[xyxmt]

Uganda pagal ho gya hay kia, we will litterally make U ganda

 

[WaLeEdK2]

Lol why Uganda it's seems so random.

 

[cleverrider]

Uganda pagal ho gya hay kia, we will litterally make U ganda

They probably took Shariff Family and Zardari Family into consideration and not the state.

 

[Kaniska]

They probably took Shariff Family and Zardari Family into consideration and not the state.

Pakistan does not need any foreign money..Just snatch all the illegal money of the top tier politician and Army officers, you will soon repay all of your debt..

 

[A.Rafay]

Lol we need investments ourselves.

 

[Bouncer]

Uganda pagal ho gya hay kia, we will litterally make U ganda

Lol why Uganda it's seems so random.

Africa is booming. And Chinese/Indian companies are making big bucks here. If you are not bothered by corrupt officials, shaky infrastructure then Africa is a gold mine. Huge natural resources aside, Africa is a growing fast and countries like Nigeria and Kenya are very attractive markets.

As far as I know, the only major investment from Pakistan is by Lucky Cement in Congo.

 

[hunter_hunted]

I hope they know what are they saying. They are literally begging for trouble. These Ganjas and Mr.10% will kill all ugandas

 

[PlanetWarrior]

Uganda is way too politically unstable. After Idi Amin's dictatorship, the political situation in Uganda has not really improved that much. Not to say that the country has a huge potential to attract investors if it starts a program of stable political leadership. Even the Chinese who are hungry to invest in most countries have limited their investment in Uganda. Right now it is better to have Uganda as an export destination than to invest any substantial funds there

 

[Gautam]

If I say something then I will be banned. So may be you should just go ahead and invest in Uganda.

 

[xyxmt]

Africa is booming. And Chinese/Indian companies are making big bucks here. If you are not bothered by corrupt officials, shaky infrastructure then Africa is a gold mine. Huge natural resources aside, Africa is a growing fast and countries like Nigeria and Kenya are very attractive markets.

As far as I know, the only major investment from Pakistan is by Lucky Cement in Congo.

Pakistani business cant survive in a competitive markets, they are used to making big bucks in mafia like markets.

 

[Fracker]

Africa is booming. And Chinese/Indian companies are making big bucks here. If you are not bothered by corrupt officials, shaky infrastructure then Africa is a gold mine. Huge natural resources aside, Africa is a growing fast and countries like Nigeria and Kenya are very attractive markets.

As far as I know, the only major investment from Pakistan is by Lucky Cement in Congo.

Actually, it's much more then just one lucky cement. Even if we exclude non-resident Pakistanis, still Nishat Group, Hashwani Group, Bhuttoos, Sharif Family, and many do own lots of assets in foreign. Even Pakistani Government has state owned assets in many countries, for embassy, diplomatic work, and immigrant support.

@Topic,

I don't know what wrong in investing in africa, whole east is investing, since this will be kind of second home for East (after growth)// Expect many countries be born like south africa, west indies etc, for East asian countries like India & China. Why Pakistan is so afraid of taking part in this competition, when competition is the only survival in future.

 

[Green Arrow]

But we also need investment in our country