Kadaga woos Turkish investors to Uganda

AGRI-BUSINESS  INVESTMENT

The Speaker of Parliament Rebecca Kadaga has implored Turkish agro investors to consider investing in Uganda for economic benefits of the two countries.

Kadaga said Uganda is gifted by good soils and climate, coupled with an educated youth workforce which they should take advantage of.

Citing some of the areas for investment, Kadaga pointed out commercial farming in crop, animal breeding, cold storage facilities, and farm machinery facilities which the investors should take advantage of.

"I was amazed by a new breed of goats that weigh 180kgs in less than two years. I have made arrangements for the goat exhibitors to come to Uganda and engage in animal breeding," Kadaga said. 

The speaker was officiating at the Grow tech exhibition, which is the world's biggest Green House industry expo taking place in Antalya, Turkey.

The Speaker noted that Uganda facilitates the value addition chain by providing tax incentives of a10 year tax holiday for persons who export 80 percent or finished consumer and capital goods and100 percent exemption on income from agro-processing.

Now in its 19th year, Growtech exhibition is the biggest exhibition in the greenhouse sector.

This year it has brought together over 850 Exhibitors from130 countries around the world.

During the Expo, the speaker held a meeting with three big companies in Turkey willing to invest in Uganda.

Demeter Greenhouse systems one of the interested companies are specialists in Greenhouses, Fruit gardens, Cold storages, and Animal farms. The company has established mega Greenhouses in Turkey, Uzbekistan, Azerbaijan, Kyrgyzstan, Dagestan, Serbia, İran, Dubai, Sudan, and Afghanistan.

The other investor is into animal husbandry with improved breeds for both beef and milk and the other investor is interested in supplying agricultural machinery, equipment Renting, Waste Management and Recycling.

The three companies have scheduled a visit to Uganda early next year for feasibility studies on the possibilities of establishing a plant in Uganda.