Invest in Uganda and earn 300%-400% in return, Ambassador Kisuule
Ambassador Dr. Mohamed Ahmed Kisuule of Uganda was in Pakistan where he met with the Islamabad Chamber of Commerce and Industry (ICCI) to present investment opportunities that assure earnings ranging from 300% to 400%. Pakistani investors are not that much present in Uganda. The Senior Vice President of the ICCI, Muhammad Shakeel Munir, showed interest in the country and hopes that there will be strong collaboration between the two countries.
Ambassador Kisuule is resident in Iran but also oversees nearby countries. He told the ICCI that Uganda offers unlimited business opportunities and “foreign investors are earning 300-400% margins.” He urged Pakistani investors to venture in the country as he pointed out that the most profitable sectors are steel, pharmaceutical, marble, food processing among others.
He assured the investors that “cheap land and full protection” are some of the advantages that enjoy after saying that the Ugandan market offers a gateway to the East African markets.
ICCI Senior Vice President Muhammad Shakeel Munir called for stronger commercial and trade ties to be developed between the two countries. He admitted that Uganda is yet to be explored by the Pakistanis but thinks that frequent exchange of business delegations and exhibitions could help to overcome it. He assured that ICCI would like to work closely with the Embassy of Uganda in Iran and Pakistan to bring private sectors of both countries closer.
Munir said their products such as rice, textile, pharmaceutical, surgical, sports and leather goods, marble products, home appliances and food products could be successful in the Uganda and East Africa at large. However, he hopes that efforts will be made to clear challenges that will affect the promotion of bilateral trade between Islamabad and Kampala.