Dublin, Ireland – Uganda’s Trade, Industry and Cooperatives Minister, Amelia Kyambadde is attending, with her delegation the Uganda – Ireland Investment Forum in Dublin, Ireland.
The forum started on Monday 16 and expected to end on Tuesday, 17 September 2019
Minister Kyambadde led an official delegation that included representatives of over 40 Ugandan companies to attend the forum.
The delegation included the High Commissioner of Uganda to the United Kingdom and Ambassador accredited to Ireland, H.E Julius Peter Moto, Senior officials from the Ministries of Trade, Industry and Cooperatives, Foreign Affairs, Agriculture, Animal Industry and Fisheries, Uganda Investment Authority, NARO.
Others are the Honorary Consul of Uganda to Ireland, Mrs. Sylvia Gavigan, a representative of Kamageo (which promotes Uganda tourism in UK and Ireland) and Uganda High Commission, London.
“The Forum’s main objectives are to promote trade, tourism and investment between Uganda and Ireland by bringing together private sectors and business community from both countries, showcasing available opportunities, and to enhance cooperation between Ugandan institutions and their Irish counterparts,” a press statement TND News has got a copy, reads.
“The Ugandan companies held discussions with over 60 Irish companies, including those that already have investments in Uganda, in the key sectors of agriculture, agro-processing, manufacturing, ICT, Tourism, Education and skills development.”
The Minister thanked the Government of Ireland for supporting Uganda’s development efforts particularly in areas of trade, health, education and social protection.
She noted “the urgent need to scale up trade volume between Uganda and Ireland that currently stands at about 25 million Euros annually.”
At the same meet, Minister Kyambadde highlighted the “vast opportunities for trade and investment in Uganda in priority sectors and called upon the Irish business community to take them either as individual firms or through joint ventures with Ugandan counterparts.”
Representatives of Irish companies in Uganda gave their experience on how they had set up profitable ventures and encouraged other companies from Ireland to follow.
They included Clarke Group which has investments in health, education and agriculture; Moyee Coffee; Jay Fortune; Shaw Academy (ICT) and Proudly Made in Africa.
The Director General Department of Foreign Affairs and Trade, Amb. Ruairi de Burca underscored the importance that Ireland attaches to its bilateral relations with Uganda.
He noted that “the bilateral relations had reached a milestone of twenty-five years since Ireland’s Embassy in Kampala was opened.”
The Director General called upon the private sector representatives of both countries to seize the vast opportunities for trade and investment, noting that Ireland’s Africa Agri-food Development Programme can provide matching financial support to joint ventures between Irish and Uganda companies.
A number of Irish companies expressed interest in investing in Uganda and proposed that a trade delegation to Uganda be organized as the next step.
The Minister and the Ugandan delegation will also attend Ireland’s National Ploughing Championship from 17-19 September 2019.
It is one of Europe’s leading agriculture and trade exhibitions with over 1,700 companies participating and an expected 210,000 visitors.
“Uganda has a stall where its participating companies will showcase products and seek partnerships,” HE. Julius Peter Moto, Uganda’s Ambassador to U.K says.
“A memorandum of cooperation shall be signed to further strengthen bilateral relationships between Uganda and Ireland. A business delegation from Ireland to Uganda shall be another outcome and shall take place in October 2020,” Ambassador accredited to Ireland, HE. Julius Peter Moto added.
Minister Amelia Kyambadde will hold meetings with the Minister for Business, Enterprise and Innovation, Hon. Heather Humpreys, the Minister of State for Diaspora and International Development, Hon. Ciaran Cannon and the CEO of Bord Bia (The Irish Food Board).
She will later sign a Memorandum of Understanding between Government of Uganda and Government of Ireland on establishment of a Political Consultation Mechanism (PCM) covering areas of bilateral, regional and international interest, trade and development cooperation.