President Yoweri K. Museveni recently met with a delegation from Italy led by H.E Stefano Gatti, the Director General of the Italian Agency for Development Cooperation, at Entebbe. During the meeting, President Museveni reiterated his earlier call for Europe to recognize the importance of global affluence in fostering mutual prosperity. He emphasized the need for political actors in Europe to understand and appreciate the benefits of equitable economic partnerships.
In his remarks, President Museveni encouraged more Italian investors to consider setting up factories in Uganda. Specifically, he highlighted the potential for investment in value addition to Uganda’s coffee industry and the pharmaceutical sector. By investing in value addition, Uganda can enhance the quality and competitiveness of its coffee exports, while investments in the pharmaceutical sector can contribute to reducing the country’s reliance on imported drugs.
President Museveni expressed gratitude to the Prime Minister of Italy, Her Excellency Giorgia Meloni, for her quick response to his proposal of sending a delegation to Uganda to identify investment opportunities in the country. This gesture reflects a commitment to strengthening bilateral relations between Uganda and Italy and promoting economic cooperation for mutual benefit.
The meeting between President Museveni and the Italian delegation underscores the importance of international cooperation in driving economic development and prosperity. By fostering partnerships with countries like Italy, Uganda can leverage foreign investment and expertise to address key challenges and capitalize on opportunities for growth.
Investment in sectors such as agriculture and pharmaceuticals aligns with Uganda’s broader development goals and priorities. By attracting foreign investment and technology transfer, Uganda can enhance its capacity for value addition, job creation, and economic diversification, ultimately contributing to sustainable development and poverty reduction.
Looking ahead, President Museveni’s call for European cooperation highlights the importance of fostering mutually beneficial partnerships between Uganda and its international partners. Through dialogue, collaboration, and investment, countries can work together to unlock the full potential of their economies and promote shared prosperity for all.
