Wednesday 6th September 2023. Kampala, Uganda. MTN Uganda has fulfilled President
Yoweri Museveni's call to action, rallying South African investors to explore opportunities in
Uganda.
This remarkable achievement follows the successful conclusion of the second leg of the
Uganda-South Africa summit, held at the prestigious Speke Resort, Munyonyo.
In February of this year, during the first leg of the Uganda-South Africa trade and investment
summit in South Africa, President Museveni issued an impassioned appeal to MTN and
other South African businesses operating in Uganda.
He urged them to collaborate in attracting more South African companies to invest in
Uganda, particularly in the critical sectors of Agro-Industrialization, manufacturing, and
tourism. The objective was clear: to bolster the Ugandan economy, create new employment
opportunities, and enhance the country's trade balance.
Hon. Evelyn Anite, the State Minister of Finance for Investment and Privatization,
commended MTN Uganda for its unwavering commitment to this cause.
She said the telecom giant successfully mobilized 40 South African companies to participate
in the summit, fostering greater trade and investment cooperation between the two nations.
Several South African enterprises, including Tiger Brands, SADC Grains, Radco Holdings,
and Brand South Africa, have expressed their intent to establish businesses in Uganda,
reinforcing the significance of this collaboration. 