THE chairman Private Sector Foundation of Uganda Patrick Bitature has called on investors to take advantage of the central location of Uganda to tap into surrounding markets
By Prossy Nandudu
THE chairman Private Sector Foundation of Uganda (PSFU) Patrick Bitature has called on investors to take advantage of the central location of Uganda to tap into surrounding markets.
“This is a huge market which any serious and strategic investor should take advantage of. Much as we are land-locked, we can still position ourselves in the region and grab this market,” said Bitature.
This was at a dinner organized by the French embassy for the visiting delegation that concluded its two day visit to Uganda.
The visit that was initiated by Bitature was aimed at creating partnerships between the private sector in Uganda and that of France in areas of improving agricultural productivity.
He said that there has been macro stability for the last 20 years, in addition to checked inflation and sufficient labour for investors to tap into.
The France’s Ambassador to Uganda, Sophie Makame, urged Ugandans to take advantage of the team to forge future partnerships.
She said that the French economy grew mainly with support from the agriculture sector which is considered an economic activity and not just for food security in homes.
“Much as Uganda is moving away from that idea, many are still practicing small holder farming which cannot speed up economic growth therefore the team here will share some of the technologies the use to increase production,” said Makame.
The French team through their umbrella body (ADEPTA) which is the equivalent of PSFU of Uganda was in the country to identify potential areas in agriculture to tap into and also share the latest technologies in farming, according to the head of the team, Alain Roecreux.
ADEPTA is the Association for the Development of International Exchanges in Agricultural and Agrifood products and techniques that was created in 1977 with support from the French ministry of agriculture and agrifood.
It was aimed at bringing together French agro industries, manufacturers and suppliers of equipment, technologies and input for agriculture.
Bitature assures investors on market for produce