BoI foresees doors for investments in Uganda

BANGKOK, April 6 (TNA) -- The Board of Investment of Thailand (BoI) suggested that Thai businesses should hold talks with the public and private sectors from Uganda, encouraging them to investment in aquaculture, animal feed manufacturing, leather goods, and plastic in the country. BoI Deputy Secretary General Chokedee Kaewsang said that on April 7, BoI is scheduled to hold a meeting between Thai businesses and representatives from the public and private sectors of Uganda, which would be led by Ms Barbara Mulwana, Thai Honorary Consul to Uganda, and Uganda Manufacturers Association (UMA)'s committee member, as well as senior official for Business Investment Promotion in Uganda Ms Prosie Hope En Kikabi, on the occasion that both officials are in Thailand and are ready to provide investments information between both countries to interested Thai business owners. Uganda is known as a new market in Africa and is one of BoI's targeted countries to promote new choices and opportunities for Tha investors to invest in, as the country is equipped with natural resources, energy sources, and labours capabilities. Moreover, Uganda would make an interesting manufacturing base, as it has connected borders with five other countries, including Kenya, Congo, Rwanda, South Sudan, and Tanzania, where products manufactured in Uganda would also receive free export tariff to the Eastern African community, which comprises of six countries and a total population of 165 million people. Industries which BoI suggested that Thai business owners should invest in include aquaculture, aqua animal feeds production, as Uganda is made up of 18 per cent of lakes and rivers, and the country is lacking true knowledge and technique in the field. Other industries include leather goods, consumer products, and plastic, all of which still have a lot of room to grow. The BoI believes that the talks would equip Thai investors with the know how to make better decisions in investing in Uganda. (TNA)