Renowned global player in steel industry enters Ugandan market

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The permanent secretary of the finance ministry, Ramathan Ggoobi, has welcomed Danieli & C.S.p.A, a renowned global player in the steel industry, for entering the African steel-making market through Roofings Rolling Mills Limited.

He said on Monday (March 24) that the entry of the Italy-based global company is a major signal and confirmation that Uganda is ripe for big and bold investments with deep market reach at the continental and global level.

He made the remarks at Roofings Rolling Mills in Namanve, Mukono district on the occasion of hosting Giacomo Maresschi Danieli, the group chief executive officer of Danieli & C.S.p.A.

The permanent secretary of the finance ministry, Ramathan Ggoobi, has welcomed Danieli & C.S.p.A, a renowned global player in the steel industry into the African steel-making market. (Courtesy photo)

A statement by the ministry said Ggoobi congratulated Roofings Group under the chairman and managing director, Dr. Sikander Lalani for achieving yet another milestone in upgrading and deepening Uganda’s iron and steel value chain.

“The growth of Roofings Group has gone beyond delivering shareholder value; it is delivering stakeholder value in timely and meaningful ways,” he said, according to the statement released on X, formerly Twitter.  

Ggoobi, who is also Uganda’s Secretary to the Treasury, noted that rapid economic growth is only possible if businesses are able to scale their operations to match a rapid rise in demand for intermediate goods.

He said the Ugandan government remains committed to investing in an enabling environment for ATMS (Agro-based industrialization, Tourism and travel, mineral-based industrialization as well as Science, Technology and Innovation) while supporting the private sector.

Both Roofings Group which is now a $500 million company and Danieli & C.S.p.A, expressed optimism about the partnership and transformation of the industrial sector in Uganda.