A group of 11 Italians investors from different sectors are in Uganda to seek for investment opportunities in relation to their fields of business.
Nicola Schiavitta, the head of the Italian delegation of investors expressed their intentios to the prime minister, minister of works, ministry of foreign affairs and also representatives from the ministry of energy.
These Italian entrepreneurs are also experts in various fields like civil engineering, agriculture, veterinary, logistics and transport, fashion and design, law then oil and gas.
The delegation includes Prof Michele Schiavitto a veterinary surgeon, of the National Association of Italian Rabbit Farmers, Eng. Michele Piacquadio a civil engineer and an expert in renewable energy, Dr. Pasquale Mastrangelo a pharmacist.
Other are Dr. Massimo Calabria, an agriculturalist, Vincenzo Morelli, Raffaele Barbaro a fashion designer, Nichola Schiavitto a lawyer, Gianni Campanella, Pietro Valentino and Andrea Testella.
The delegation is in Uganda on 5-day exploration visit of investment opportunities in Uganda. In this they have carried out a number of activities including meeting key players in different sectors in Uganda.
While speaking to the delegation, the prime minister, Robinah Nabanjja, said Uganda is the best destination for investment because it is well endowed with the best climate and the accommodative natures of its people.
Nabanjja said that Uganda is ready for investment with all necessary infrastructures in place as well as the required labour force, while the government technical staff are on hand to guide these investors to make the best investment decision;
Nicola Schiavitta said that they will form a joint company through which they will invest the USD 20 million for a start, focusing on renewable energy, selling agricultural machinery, as well as human and veterinary medicine.
Minister Okello Oryem assured the delegation that government is ready to give them free land for their operations and a number of other incentives to ensure their comfortable stay in Uganda.
Pauline Irene Batebethe permanent secretary ministry of energy and mineral development, showed the delegation the numerous investment opportunities under her ministry and welcomed them to invest in that line as well.
The two countries have enjoyed good bilateral relations since colonial times, with Italians establishing church mission schools and hospitals like the St Joseph’s hospital in Kitgum, founded in 1915.
The delegation also pledged to train Ugandans in improved agricultural processing methods, modern veterinary practices as well as up-to-date pharmaceuticals practices.
The delegation travelled upcountry for further exploration, meeting with local investors, farmers groups, visit one refuge settlement camp, one rabbit project and one stone quarry.
The Government should also think about Local Investors.