Business

Ugandan investors secure deals in Holland

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By ISMAIL MUSA LADU

Posted  Monday, April 21   2014 at  01:00

In Summary

Ten got partners while nine got funding for businesses.

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Kampala.
Nineteen Ugandan investors have secured partnership deals with Dutch companies while on a trade mission in the Netherlands, the vice chairman of the Netherlands-Uganda Trade and Investment Platform (NUTIP), Dr Stephen Birungi, has said.

“Deals were made and signed. Out of the 19 companies that went, 10 got partners and the rest got funding deals for their businesses,” Mr Birungi said in an interview with the Daily Monitor upon their return last week week.
He continued: “Two of our members remained in the Netherlands to conclude their deals and will return before the end of this week.”

The local companies were from across the economic sector spectrum namely; agribusiness and agro-processing, energy, tourism, ICT and export, particularly for flowers. “The trip was a resounding success. I must say we achieved our objective,” said Dr Birungi.

The Netherlands Ambassador to Uganda, Mr Alphons Hennekens who flagged off the trade mission, said he is committed to encouraging partnership in trade and investment as it is one of the best way in which the two countries can relate.
Currently, there are about 100 companies of Dutch origin and a further 50 joint partnerships with Ugandan Companies operating in Uganda.

bilateral trade
According to recent statistics, Dutch exports to Uganda in 2010 totalled to $59 million (about Shs148billion) while imports from Uganda came to $133 million (about Shs333billion).

iladu@ug.nationmedia.com