Hon John Mulimba, the minister of State for Foreign Affairs and Regional Cooperation, has opened the first Russian-Uganda Business Forum which runs from 7-13 November 2021.
He welcomed the Russian Coordination Committee for Economic Cooperation with Africa to Uganda for this first Russian-Uganda Business Forum.
“As you may recall, the Russia-Africa Summit held in Sochi in October 2019, emphasized the importance of strengthening trade relations between Russia and Africa,” he said.
During this Summit, President Museveni held discussions with President Putin and a number of issues were raised including a call on Russian investors to come and invest in various sectors in Uganda.
“I am very pleased that the Russian Federation has taken this bold step to follow-up and implement the commitments which were made by our leaders in Sochi particularly to strengthen trade relations with Uganda. This Mission is therefore very crucial as a tool to implement the Sochi Summit outcomes,” Amb Mulimba noted.
Through the AFROCOM Center for Entrepreneurship, Ugandan business community will now interface with their Russian counterparts much easier than has been the case. This interface in turn should result into increased trade between the two countries.
Amb Mulimba is confident that AFROCOM will enable Ugandans to access quality products, affordable and appropriate technologies from Russia.
“In addition, it is my sincere hope that AFROCOM will provide the much needed information about Russian market for Ugandan products.”
Furthermore, through AFROCOM, Russian Investors should be able to get necessary information about the investment opportunities available in Uganda.
Uganda has enormous investment potential as you may have noticed already.
Opportunities exist in agro-processing for instance fruit juices, dairy products, tourism and hospitality, oil and gas, pharmaceuticals among others.
“You are therefore encouraged to take some time off your busy schedules and visit the country side to get a clear view of what am saying.”
“Should you require any assistance, my office remains open and you should feel free to reach out to me any time. I wish you nice stay in Uganda and for those who will be travelling back to Moscow, I wish you a safe trip.”