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Uganda offers ideal investment climate

Wednesday, 23rd December 2015
Chief Dr. A.C Okafor (left) and Mr. Nelson Ocheger after the meeting at the formerĄŻs residence in Lagos. [Courtesy photo]
The Government of the Republic of Uganda has, over the last twenty five years, offered an ideal investment climate which companies from the Lagos State Government in particular and the Federal Republic of Nigeria generally, should take advantage and invest in the country.

This was stated by the Charge DĄŻAffaires of the Uganda High Commission in the Federal Republic of Nigeria, Mr. Nelson Ocheger while meeting the Chairman/Chief Executive Officer of Chicason Group of companies, Chief Dr. A.C Okafor. The meeting took place in December 14th, 2015 at the latterĄŻs residence in Lagos.

Mr. Ocheger told his host that Uganda Government welcomes foreign investment in agro processing, mining, oil and fish processing, among others. He revealed that the economic growth that the country has maintained at between 5% and 7.5% per annum has created increased local demand for goods and services. This market, he added, has been boosted by the creation of the East African Community which boosts of an estimated total population of more than 340 million people.

In response, Chief Dr. A.C Okafor informed his guest that he is engaged in discussions with different stakeholders on the possibility of investing in Uganda. He thanked Mr. Ocheger for the visit and called for regular interaction for the benefit of both parties.

Headquartered in Lagos, the Chicason group is a consortium of companies that are engaged in oil and gas manufacturing, agro processing, import and export trade and business consultancy. The Group employs more than 5000 people in all its operations.