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Museveni woos Italian investors for Uganda's industrialisation drive
Museveni said Africa and Europe stood to benefit from stronger economic ties, but challenged European investors to look beyond the export of raw materials and support the development of industries on the continent.
President Museveni shares a light moment with a delegation of Italian investors after a meeting at State House, Entebbe, on Saturday. The meeting was also attended by Premier Robina Nabbanja and several other ministers. (Credit: PPU)
By: Admin ., Journalist @New Vision
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President Yoweri Museveni has urged Italian investors to establish partnerships with Uganda in coffee processing, mineral beneficiation, electric vehicle battery manufacturing and technology transfer, saying the country wants investments that create jobs and retain more value from its natural resources.
Museveni said Africa and Europe stood to benefit from stronger economic ties, but challenged European investors to look beyond the export of raw materials and support the development of industries on the continent.
President Museveni addressing a delegation of Italian investors during a meeting at State House, Entebbe, on Saturday. The meeting was also attended by Premier Robina Nabbanja and several ministers. (Credit: PPU)
“Why would you want to do business with a poor man if you really understand that prosperity comes from business, from trade? Why do you want to trade with a poor man? I want my trading partner to be rich,” he said.
The President made the remarks while meeting a delegation of more than 80 Italian government officials, investors, business representatives and development partners at State House, Entebbe, on November 7, 2026.
He argued that Uganda could earn considerably more from its agricultural and mineral resources by processing them locally instead of exporting them in raw or semi-processed form.
A delegation of Italian investors meeting President Museveni at State House, Entebbe, on Saturday. Also in the photo are Premier Robina Nabbanja and several ministers. (Credit: PPU)
“Prosperity comes from business. If you want prosperity, you must do business. Business means producing a good or a service of economic value and selling it. The more you sell, the more prosperous you become,” he said.
Using coffee as an example, Museveni said Uganda earned slightly more than $2 per kilogramme of exported coffee, while fully processed coffee products fetched considerably higher prices in European markets.
“This kilo in Europe is like $40 or more,” he said, arguing that establishing processing facilities in Uganda would enable the country to retain more value from its agricultural products.
“I am sure if we add value here, we will get more from a kilo than $2, and that will give us more money and jobs,” he added.
He welcomed Italian investors interested in establishing coffee processing factories in Uganda, saying the Government was ready to facilitate partnerships in the sector.
A delegation of Italian investors meeting President Museveni at State House, Entebbe, on Saturday. Also in the photo are Premier Robina Nabbanja and several ministers. (Credit: PPU)
“For coffee, we are going to build factories here. I welcome you,” he said.
Museveni also called for investment in mineral processing, saying Africa was losing significant economic opportunities by exporting minerals without sufficiently adding value. He urged investors to support the transformation of the continent's natural resources into finished products, expand industrial capacity and create employment.
“Africa has abundant minerals, agricultural resources and a growing pool of human skills and talents needed for industrialisation. What we need are investments that transform these resources into finished products, create jobs and expand trade,” he said.
He further invited Italian companies to partner with Uganda in manufacturing lithium batteries for electric vehicles, noting that the country had lithium deposits and was already pursuing electric vehicle manufacturing.
“I am making my electric vehicles now, but I want a partnership in making batteries. We have lithium here, but I want a partnership. If you could get me people to share with me, because an electric battery is a bigger part of the electric car,” he said.
President Museveni addressing a delegation of Italian investors during a meeting at State House, Entebbe, on Saturday. The meeting was also attended by Premier Robina Nabbanja and several ministers. (Credit: PPU)
The President urged the Italian business community to pursue mutually beneficial partnerships, citing the activity of Chinese and Indian-owned factories in Uganda as examples of foreign investment contributing to local production.
“I am very happy to talk to you, but we need a partnership of win-win. I can assure you these factories of the Chinese and of my Indian tribe here are very active. It is being short-sighted to have a win-lose strategy; a win-win is better,” he said.
He also highlighted the potential of Africa's growing population as a market for European businesses, noting that Africans would account for 25 per cent of the world's population in the next 30 years.
“This represents a huge market that European leaders and investors should not ignore,” he said.
Museveni cited China's industrialisation and economic growth as an example of how expanding production can create demand for resources such as steel, generating opportunities for producers elsewhere.
He said Uganda could similarly benefit from international trade and investment by tapping its mineral resources, agricultural potential, freshwater resources and skilled human capital.
“The opportunities are very clear: investments using abundant raw materials; raw materials from minerals, agriculture, fresh water and human skills,” he said.
Prime Minister Robinah Nabbanja said Uganda and Italy had continued to strengthen their cooperation following her visit to Rimini, Italy, in 2024, where she held discussions with Italian Deputy Prime Minister Antonio Tajani on Uganda's development priorities.
Nabbanja said the engagements focused on coffee development, waste management, healthcare and agricultural mechanisation.
She noted that Italy had since reopened its development cooperation office in Uganda, which also serves Rwanda and Burundi, strengthening the framework for implementing development programmes and providing grants, particularly in the health sector.
The Prime Minister said the two governments, working through Uganda's Ministry of Finance, Planning and Economic Development and the Solicitor General, had prepared a framework agreement on development cooperation that was scheduled for signing.
She also acknowledged Italy's support for Uganda's coffee sector, revealing that the country had mobilised €120 million, with €60 million expected as the first instalment. The European Union had separately pledged €44 million towards the same initiative.
Nabbanja said the funding would support efforts to improve coffee production, processing and quality, with the United Nations Industrial Development Organisation (UNIDO) also supporting Uganda's interventions in the sector.
She further revealed that construction of the Uganda-Italy Coffee Training Centre at Kyambogo University had been commissioned, describing the project as an important milestone in building local expertise.
The centre is expected to equip Ugandans with skills in coffee processing, roasting and quality improvement.
“Yesterday, I commissioned the commencement of construction of the factory at Kyambogo University, and this was a big milestone. The centre is going to help us in training our people. It is a grant from Italy which is going to train Ugandans in coffee processing, roasting and quality improvement. I want to thank the Government of Italy for this,” Nabbanja said.
On urban development, the Prime Minister highlighted a €70 million Green Cities initiative being implemented in partnership with the Food and Agriculture Organisation (FAO).
She said the programme would support the development of cleaner and more resilient urban centres while improving food safety, market conditions and environmental sustainability, as well as creating economic opportunities for communities in Kampala and Hoima.
“I am very happy to talk to you, but we need a partnership of win-win. I can assure you these factories of the Chinese and of my Indian tribe here are very active. It is being short-sighted to have a win-lose strategy; a win-win is better,” he said.
He also highlighted the potential of Africa's growing population as a market for European businesses, noting that Africans would account for 25 per cent of the world's population in the next 30 years.
“This represents a huge market that European leaders and investors should not ignore,” he said.
Amb Riccardo Guariglia, Seceratry General of the Foreign Affairs Ministry of Italy and Finance Minister Henry Musasizi signing the Development Cooperation Agreement between Italy and Uganda at State House. (Credit: PPU)
Museveni cited China's industrialisation and economic growth as an example of how expanding production can create demand for resources such as steel, generating opportunities for producers elsewhere.
He said Uganda could similarly benefit from international trade and investment by tapping its mineral resources, agricultural potential, freshwater resources and skilled human capital.
“The opportunities are very clear: investments using abundant raw materials; raw materials from minerals, agriculture, fresh water and human skills,” he said.
Prime Minister Robinah Nabbanja said Uganda and Italy had continued to strengthen their cooperation following her visit to Rimini, Italy, in 2024, where she held discussions with Italian Deputy Prime Minister Antonio Tajani on Uganda's development priorities.
Nabbanja said the engagements focused on coffee development, waste management, healthcare and agricultural mechanisation.
She noted that Italy had since reopened its development cooperation office in Uganda, which also serves Rwanda and Burundi, strengthening the framework for implementing development programmes and providing grants, particularly in the health sector.
The Prime Minister said the two governments, working through Uganda's Ministry of Finance, Planning and Economic Development and the Solicitor General, had prepared a framework agreement on development cooperation that was scheduled for signing.
Amb Riccardo Guariglia, Secretary General of the Foreign Affairs Ministry of Italy and Minister of Finance Henry Musasizi display copies after the signing of the Development Cooperation Agreement between Uganda and Italy at State House, Entebbe. (Credit: PPU)
She also acknowledged Italy's support for Uganda's coffee sector, revealing that the country had mobilised €120 million, with €60 million expected as the first instalment. The European Union had separately pledged €44 million towards the same initiative.
Nabbanja said the funding would support efforts to improve coffee production, processing and quality, with the United Nations Industrial Development Organisation (UNIDO) also supporting Uganda's interventions in the sector.
She further revealed that construction of the Uganda-Italy Coffee Training Centre at Kyambogo University had been commissioned, describing the project as an important milestone in building local expertise.
The centre is expected to equip Ugandans with skills in coffee processing, roasting and quality improvement.
“Yesterday, I commissioned the commencement of construction of the factory at Kyambogo University, and this was a big milestone. The centre is going to help us in training our people. It is a grant from Italy which is going to train Ugandans in coffee processing, roasting and quality improvement. I want to thank the Government of Italy for this,” Nabbanja said.
On urban development, the Prime Minister highlighted a €70 million Green Cities initiative being implemented in partnership with the Food and Agriculture Organisation (FAO).
She said the programme would support the development of cleaner and more resilient urban centres while improving food safety, market conditions and environmental sustainability, as well as creating economic opportunities for communities in Kampala and Hoima.
“Your Excellency, this is a grant also provided to you by the Government of Italy,” she said.
Nabbanja also announced a €12.75 million grant from Italy towards the Prevention, Research and Integrated Services for Maternal, Child and Cancer Health Care project, known as PRISMA. She said the Italian organisation AVSI would implement the project in collaboration with Uganda's Ministry of Health.
The Prime Minister further highlighted cooperation between Ugandan local governments and Italy's Basilicata region, revealing that Greater Hoima, Greater Masaka and Mubende had jointly designed a €7 million pilot training programme focusing on food security and agricultural mechanisation.
She said the programme could help attract private investment and support the implementation of Uganda's Tenfold Growth Strategy.
Nabbanja added that the cooperation would create opportunities for Uganda's business community to access concessional financing and grants to support value addition in agricultural and mineral products.
She expressed gratitude to the Italian Government for its continued interest in Uganda and the growing number of Italian investors exploring opportunities in the country.
“We have signed an agreement, and we are going to make sure that the two sister countries get areas of development in the business community. We have also got grants to add value to our products, minerals, agricultural products and many others. So we are very grateful that at least we are attracting investors from Italy,” she said.
The Italian delegation reaffirmed its country's commitment to strengthening relations with Uganda, describing the country as a priority partner and expressing interest in expanding cooperation across several sectors.
Speaking on behalf of the delegation, Riccardo Guariglia, secretary-general of Italy's Ministry of Foreign Affairs and International Cooperation, said the group comprised more than 80 representatives drawn from development cooperation agencies, civil society, universities, local authorities, the financial sector, healthcare, business and the defence industry.
He thanked Museveni for receiving the delegation at State House, saying the visitors felt welcome in Uganda.
“Uganda is a priority country for us. The composition of this big delegation shows the interest,” Guariglia said.
He explained that Italy's approach to development cooperation was based on equal partnerships, technology transfer and sharing expertise rather than charity or imposing solutions on partner countries.
“Our philosophy of cooperation towards Uganda is very easy. We want to work among peers. We don't want to impose anything. We don't want to make any charity. We want to transfer technology and know-how, and we all support this approach,” he said.
Guariglia identified healthcare, agriculture, coffee development and environmental sustainability as some of the key areas in which the two countries could deepen cooperation.
He also announced that the visit would include the signing of an agreement to provide a legal framework for bilateral development cooperation activities, particularly those undertaken through Italy's cooperation office in Uganda.
The Italian representative commended Uganda's contribution to regional stability and its role in hosting and protecting refugees.
“We look to Uganda with great respect and cooperation because, under your leadership, Mr President, your country is fostering stability in the region. We appreciate this role and think that you play a role with remarkable visibility in providing protection to refugees, and this is also something which is very important,” he said.
He said Italy valued Uganda's contribution to regional peace and stability despite the geographical distance between the two countries.
The delegation expressed optimism that the engagements would open new opportunities for investment, trade and stronger institutional cooperation.
The meeting culminated in the signing of a bilateral Development Cooperation Agreement between Uganda and Italy, witnessed by Museveni. The agreement provides a framework for strengthening the partnership and advancing mutually beneficial cooperation between the two countries.
Nabbanja also announced a €12.75 million grant from Italy towards the Prevention, Research and Integrated Services for Maternal, Child and Cancer Health Care project, known as PRISMA. She said the Italian organisation AVSI would implement the project in collaboration with Uganda's Ministry of Health.
The Prime Minister further highlighted cooperation between Ugandan local governments and Italy's Basilicata region, revealing that Greater Hoima, Greater Masaka and Mubende had jointly designed a €7 million pilot training programme focusing on food security and agricultural mechanisation.
She said the programme could help attract private investment and support the implementation of Uganda's Tenfold Growth Strategy.
Nabbanja added that the cooperation would create opportunities for Uganda's business community to access concessional financing and grants to support value addition in agricultural and mineral products.
She expressed gratitude to the Italian Government for its continued interest in Uganda and the growing number of Italian investors exploring opportunities in the country.
“We have signed an agreement, and we are going to make sure that the two sister countries get areas of development in the business community. We have also got grants to add value to our products, minerals, agricultural products and many others. So we are very grateful that at least we are attracting investors from Italy,” she said.
The Italian delegation reaffirmed its country's commitment to strengthening relations with Uganda, describing the country as a priority partner and expressing interest in expanding cooperation across several sectors.
Speaking on behalf of the delegation, Riccardo Guariglia, secretary-general of Italy's Ministry of Foreign Affairs and International Cooperation, said the group comprised more than 80 representatives drawn from development cooperation agencies, civil society, universities, local authorities, the financial sector, healthcare, business and the defence industry.
He thanked Museveni for receiving the delegation at State House, saying the visitors felt welcome in Uganda.
“Uganda is a priority country for us. The composition of this big delegation shows the interest,” Guariglia said.
He explained that Italy's approach to development cooperation was based on equal partnerships, technology transfer and sharing expertise rather than charity or imposing solutions on partner countries.
“Our philosophy of cooperation towards Uganda is very easy. We want to work among peers. We don't want to impose anything. We don't want to make any charity. We want to transfer technology and know-how, and we all support this approach,” he said.
Guariglia identified healthcare, agriculture, coffee development and environmental sustainability as some of the key areas in which the two countries could deepen cooperation.
President Museveni poses for a photo with Amb Riccardo Guariglia (2nd L) and Minister of Finance Henry Musasizi after the signing of the Development Cooperation Agreement between Uganda and Italy at State House Entebbe. (Credit: PPU)
He also announced that the visit would include the signing of an agreement to provide a legal framework for bilateral development cooperation activities, particularly those undertaken through Italy's cooperation office in Uganda.
The Italian representative commended Uganda's contribution to regional stability and its role in hosting and protecting refugees.
“We look to Uganda with great respect and cooperation because, under your leadership, Mr President, your country is fostering stability in the region. We appreciate this role and think that you play a role with remarkable visibility in providing protection to refugees, and this is also something which is very important,” he said.
He said Italy valued Uganda's contribution to regional peace and stability despite the geographical distance between the two countries.
The delegation expressed optimism that the engagements would open new opportunities for investment, trade and stronger institutional cooperation.
The meeting culminated in the signing of a bilateral Development Cooperation Agreement between Uganda and Italy, witnessed by Museveni. The agreement provides a framework for strengthening the partnership and advancing mutually beneficial cooperation between the two countries.