President Yoweri Museveni has met with Sweden’s Minister for International Development Cooperation and Foreign Trade, Benjamin Dousa, to discuss strengthening trade and investment between Uganda and Sweden. The meeting took place at State House on Sunday.
Museveni highlighted Uganda’s investor-friendly policies, emphasizing the country’s robust investment code and incentives such as a 10-year tax holiday. He also underscored ongoing efforts to reduce electricity costs to $0.05 per kilowatt-hour for manufacturers, making Uganda a more competitive destination for industrial investment.
“We are working hard to enhance electricity production and are also focusing on other enablers, such as the railway,” Museveni said.
He urged European investors, particularly from Sweden, to explore economic cooperation opportunities in Uganda, emphasizing the country’s commitment to fostering trade and investment partnerships.
“I welcome Europeans to partner with Africa, Uganda, and Sweden in particular, to identify and implement areas of economic cooperation, trade, and investment,” Museveni stated.
The meeting reinforced Uganda’s push to attract foreign investment and strengthen bilateral trade relations with Sweden.
