President Yoweri Museveni has called on European investors to capitalize on the burgeoning opportunities in Uganda, particularly in agriculture, aquaculture, and environmental sustainability. During a recent meeting at his country home in Irenga, Ntungamo District, the president expressed concern over the declining presence of European investments in Africa, contrasting it with the increasing influence of Chinese investors.
“Why don’t our European partners come and invest?” President Museveni asked, emphasizing Africa’s projected population growth to 2.5 billion over the next three decades as a promising market opportunity. He praised existing European ventures in Uganda, such as liquid coffee production, avocado exports, and medical waste management solutions, pledging government support to enhance these initiatives.
The president also unveiled a strategic plan to restore degraded wetlands by relocating farmers to peripheral areas for sustainable fish farming. He criticized swamp rice cultivation, noting its adverse effects on the Nile River’s tributaries. Furthermore, he reiterated his commitment to fostering foreign investments that align with Uganda’s economic development goals while prioritizing environmental sustainability.
In response, European investors welcomed President Museveni’s appeal for stronger economic ties. Mr. Nico Van Vliet of the Uganda Flowers Exporters Association remarked, “We see immense potential for growth, not only within the European Union but also in regional markets like Kenya and Ethiopia. We are dedicated to contributing further to Uganda’s economy.”
Mr. Eric de Waan from Yalelo Uganda highlighted the significant potential in aquaculture. “Uganda offers ideal conditions for fish farming, especially around Lake Victoria,” he stated. The company plans to invest $5 million annually to expand its operations, underscoring the vast opportunities in the sector.
