Museveni Woos Iranian Investors into Agro Processing

President Yoweri Museveni has wooed a visiting Iranian delegation to consider investing in Uganda’s agro processing industry. He assured them of Uganda’s immense potential that lies in its diverse agricultural products.

Museveni said this at State House Entebbe on Wednesday while meeting with the Iranian Minister of Foreign Affairs, Hon. Mohammad Javad Zarif, who is heading a delegation to Uganda.

Mohammad Javad Zarif arrived in Uganda on Wednesday and also held a meeting with Foreign Minister Sam Kuteesa before proceeding to State House.

“We have got abundant opportunities in the processing of agro-products that include grains and fruits. There are also high possibilities of adding value to our minerals with a target of feeding the export market,” President Museveni said.

Museveni urged the Iranian visitors to work out means of funding Uganda’s electric cars project since Uganda’s scientists have already made good progress in that venture. He informed the delegation there are wide opportunities in using the niobium mineral that is an ingredient in the manufacture of car batteries.

In his remarks, Minister Mohammad Javad Zarif agreed to work with Uganda towards facilitating the funding of the electric cars in Uganda. He also expressed interest in expanding banking services in Uganda and that Iran is interested in investing in the oil and agricultural sectors.

His delegation included heads of banking, shipping, Tehran Chamber of Commerce and Iran Chamber of Commerce sectors.

His delegation included heads of banking, shipping, Tehran Chamber of Commerce and Iran Chamber of Commerce sectors.

On Thursday, President Museveni together with the visiting Minister commissioned the Iran – Uganda Medical Center in Kampala before Zarif departed for Niger.