PM Nabbanja, Italian investors discuss strategies to bolster trade

Prime Minister Robinah Nabbanja has held discussions with Italian investors aimed at developing strategies to bolster trade and investment between the two countries.

A statement from the PM’s Office said the meeting held in Kampala early February was a follow-up on the Mattei Plan that came out of the Italy-Africa Summit at the end of January in Rome.

The Italian delegation was led by the Italian Ambassador to Uganda, Mauro Massoni, and comprised of Infrastructure and energy companies.

“Nabbanja while welcoming the investors said that Uganda is the best investment destination for Italy and Europe because of its conducive investment policies and the prevailing peace,” the press statement said.

“Nabbanja lauded the Italian government for the swift action as agreed during the meeting with the Italian Deputy Prime Minister while in Rome at the end of January this year,” the brief added.

Dr. Chris Baryomunsi, the Minister for ICT and National Guidance, who also attended the meeting said Uganda was ready to implement “all interventions that require digital infrastructure and investment in ICT”.

Massoni said more Italian investors were increasingly getting interested in investing in Uganda.

“Several investors expressed willingness to invest in Uganda because of the prevailing conducive environment,” the Ambassador said.

Meanwhile, another team of investors is expected to jet into the country later this month to strategize on how they can invest in Uganda.

According to PM’s Office, “the Italy-Africa Summit under the theme “A bridge for common growth”, held in Rome on 29 January, opened up doors for investment in Uganda after Italy’s Prime Minister Giorgia Meloni announced the guidelines of the Mattei Plan for the development of the African continent.”

The investors suggested holding a business forum for Italy and Uganda in Rome to meet more Italian companies interested in investing in the country.

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