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Uganda Welcomes Multi-Million Dollar Investment Proposals from China and Egypt

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Uganda Welcomes Multi-Million Dollar Investment Proposals from China and Egypt







President Yoweri Kaguta Museveni held a meeting on February 28, 2024, with a delegation from China-based CN Light Technology, expressing their interest in investing $30 million to establish a computer and IT accessories assembly plant in Uganda. The meeting took place at State House Entebbe, with the delegation led by Ambassador Kilonzo Kiema, Li Kaifu (CN Light President), Li Hong (CN Vice President), and Martin Grabler (Senior Project Advisor).

During the meeting, President Museveni extended a warm welcome to the group, assuring them of the government’s full support for their investment endeavors in Uganda.






In a separate session, President Museveni met with Ambassador (Rtd) Mohamed El-Hamzawi, a former Egyptian diplomat in Uganda. Accompanying him was a consortium of Egyptian private sector companies interested in contributing to the development of sports infrastructure and facilities in Uganda.

The consortium, consisting of Samco-National Construction Company represented by Eng Ibrahim Mabrouk (Vice Chairman), Khater Sports represented by Eng. Yehia Radwan (a leader in specialized sports contracting), Estadat Holding company (engaged in sports facilities management), and El Raied International Engineering Consultants, engaged in discussions with President Museveni about the potential construction and management of stadiums and sports facilities in Uganda.



Expressing their eagerness to contribute to the development of sports infrastructure in Uganda, Ambassador (Rtd) Mohamed El-Hamzawi conveyed, “Sports facilities development is an untapped area, and we feel that our Ugandan brothers and sisters need to develop it, and we are ready to offer support.”




This development aligns with the successful East Africa Pamoja bid to host the Africa Cup of Nations in 2027.