The Russian government is set to construct a Pharmaceutical plant, fertilizer plant, carry out agro-processing and mineral processing, and plans to participate in tourism.
This was revealed by President Yoweri Kaguta Museveni on Monday, October 2, 2023, after holding a discussion with a delegation of investors from Russia at State House, Entebbe on how the government can support and attract more Russian investors in Uganda.
According to President Museveni, the Russia government plans to construct a Pharmaceutical plant, a fertilizer plant, agro-processing, mineral processing and participate in the tourism sector.
“Maama Janet and I held good discussions with a delegation of investors from Russia led by Mr. Yukhnin Ergeny at Statehouse, Entebbe,” the President said.
“I was pleased to hear about their plans to construct a pharmaceutical plant, a fertilizer plant, agro-processing (fruit drying and processing), minerals processing (Beryllium), and participation in the tourism sector,” he added.
President Museveni also said that, he accepted the invitation to participate in the Primakov Readings as a special speaker at the panel discussion on Russian-Africa: From Program Directives to Practical Results slated for November 27-28, 2023.
“I accepted their invitation to virtually participate in the Primakov Readings as a special speaker at the panel discussion on “Russia-Africa: From Program Directives to Practical Results” to be held in Moscow from the 27th to 28th of November this year,” he said.
In July 2023, the Presidential Advisory Committee on Exports and Industrial Development (PACEID) led by Chairman Odrek Rwabwogo held a meeting in St. Petersburg Russia with an aim to open Russian market for Uganda’s food products and attract investment in thirteen agricultural and industrial sectors with a target of raising $6Bn.
