Qatar should invest in Uganda's food, mine sector: Museveni

  • 5 months   ago
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Ugandan President Museveni recently opened doors of his country for Qatari businessmen to explore promising business opportunities, particularly in the areas of food processing, mining and tourism sectors.

He also has plan to open an office in Qatar that would promote investments and tourism between the two countries. 

 

The President stated that Uganda is a land of opportunities and its climatic conditions are favourable to grow all kinds of fruits and vegetables. There are also a lot of minerals like iron ore, copper, tin, cobalt and others. 

He added that investing in food processing sector and mining-based industries can be highly rewarding. Qatari investors should in fact process food and produce items, such as steel, copper, and other finished and semi-finished products that can be consumed locally as well as exported to Africa, Europe, America and the Indian subcontinent.

The leader was also keen to promote Islamic banking and financial services in his country and thereby invited Qatari banks, especially the Shariah-compliant lenders, to explore opportunities in his country, which, according to him, have strong appetite for interest-free banking, as The Peninsula reports.

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