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Economic cooperation

 

Economic cooperation

The Italian presence in Uganda is highly recognized and appreciated. It has been a multiplier for trade relations, in which infrastructure has traditionally been the most privileged sector.

Although the value of the Italian direct investments (joint ventures, investments and acquisitions) in Uganda is still limited, the Country's political and economic indicators appear, at the moment, particularly promising for the Italian companies. The trade exchange between Italy and Uganda is growing steadily (plus 45% in the last three years).

At the moment, the sectors which appear to offer greater opportunities for our entrepreneurial system, in particular for the small and medium-sized enterprises, include: Oil and its induct; Renewable energy; Tourism; Civil and Road Works; Drilling of wells; Mechanics and Joinery; Catering and Accommodation; Business-related activities (groceries, coffee, lifts, aluminium joinery, woodworking machinery, marble and granite).

East Africa has emerged in area with higher development rate in sub-Saharan Africa. This has created a conducive environment for the access of new Italian companies in an internal and regional markets in expansion and integration: in particular, Ugandan membership to the East African Community (characterized by increasing customs and taxation integration, regulations and factors of production and by a project of monetary integration to be achieved in the next five years), opens the door to a wider market of over 150 million consumers in Uganda, Kenya, Tanzania, Rwanda, Burundi and South Sudan.

In recent years, a series of trade promotion events have given the Italian companies the chance to acquire better knowledge of the opportunities existing on the Ugandan market. To this end, the creation of an Association of the Italian entrepreneurs in Uganda, known as "Business Club Italy" (inaugurated in Kampala in May 2012 by the Undersecretary of Foreign Affairs Staffan De Mistura) has strengthened the synergies between the Embassy in Kampala and entrepreneurs. In 2017 and 2018 the opening of a desk of the Italian Trade Agency (ICE) at the Embassy in Kampala allowed a tangible intensification of promotional events and the upgrading of services in favor of Italian companies in Uganda and Rwanda (entrepreneurial missions, country presentation, B2B, participation to international fairs). It is also worth mentioning that the Italian pavillon won the prize as best national pavillon of the International Trade Fair of Kampala 2018.

The Embassy in Kampala cooperates with the Trade Office (ICE) in Addis Ababa: Italian Villa-Kebenà-P. O. Box 1105 Addis Ababa, E-mail: addisabeba@ice.it, Tel: (0025) 1.111.235.717. ICE also has a Desk-Uganda within the premises of the Embassy in Kampala. Contacts are the following: Mr. Zephline Muhangi; Tel: +256 700174400; +256 772163938; Email: z.muhangi.contr@ice.it; deskuganda@ice.it; muhangizephile@gmail.com.

The Nairobi office of the Italian Insurance Agency for Foreign Trade (SACE) offers export credit (Riccardo Vianello Simoli - Head of East Africa International Network; SACE SpA at Africa Trade Insurance, Kenya Re Towers, 5th Floor, Off Ragati Road, Upperhill, P.O. Box 10620, G.P.O. 00100, Nairobi, Kenya; DL: +254 719014257 M:+254 717737763 / +39 3311728810; email: R.VianelloSimoli@sace.it).


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