Iranian & Turkish Firms to Invest in Uganda

December 27, 2013 11:37 am0 comments by:

Kampala- Representatives of Iranian and Turkish companies that are interested in investing in energy and construction are in Uganda to hold talks with President Yoweri Museveni.

The representatives are from Adaali Insaat a company interested in harnessing wind for production of energy, manufacture of solar panels, construction and leather tanning.

Others are from, Tepe Klima a company which intends to establish International Maritime registry in Uganda.President Museveni has this afternoon met representatives of Turkish investors including Adali Insaat Inc and Tepe Klima company based in Instanbul.

Adaali Insaat is interested in harnessing wind for production of energy, manufacture of solar panels, construction and leather tanning. Tepe Klima is interested in establishing International Maritime registry in Uganda. According to the representative of Tepe Klima company Mr. Ulku Ortac, the venture once established, will carry Uganda’s flag on all the world’s water vessels.

President Museveni welcomed the Turkish investors to Uganda and urged them to look into setting up an efficient water transport system on Lake Victoria and the River Nile for both cargo and passengers.

At the same meeting, the President received Ms Margaret Lakidi and Mr. Nobert Obonyo Komakech, Ugandan entrepreneurs based in London. Margaret fled Field Marshal Idd Amin Dada’s instability in the 70s. She would like to return to Uganda and participate in the progress of motherland by generating energy from solid waste management. She is also interested in modern agriculture in Ngomoromo, Lukung sub-county, Lamwo district and expressed interest in the production of bio-fuels from agricultural waste that can also be used for the production of fertilizers to increase agricultural production yields.

Mr. Komakech is set to construct border markets at Musingo in Madi Opei sub-county also in Lamwo district. Musingo lies at the Ugandan border with Sudan. He thanked President Museveni for the peace ushered into the country in general and Northern Uganda in particular, by the NRM government. The meeting was attended by Ms Janefer Lawala, a Ugandan musical artist also based in London.

Ngomoromo is symbolic. President Museveni launched Operation Iron Fist, the offensive against Kony’s LRA, at Ngomoromo in 2002. Today the area is peaceful and secure.

IRANIAN INVESTORS

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