 UNCCI: Uganda's business community invited to participate in Germany’s trade fairs The President of the Uganda National Chamber of Commerce and Industry ( UNCCI), Olive Kigongo has tipped Uganda’s business community about markets in Germany.Kigongo told Uganda’s business community to prepar quality products and services that they can present in trade fairs in Germany.She told the business community that they have to foot their bills to attend the fairs because they were going to look for business opportunity. She said in the fairs Ugandans can find business partners. "A bird that does not fly does not know there are better gardens where to pick seeds," Kigongo said.This was during a function held at the residence of the German ambassador in Kololo, Kampala. At the function, presentations were made to Uganda's business community on how and why they can participate in trade fairs in Germany. Read more ▪ UNCOCI: Gulf Countries turn to Ugandan cereals, vegetables and fruits Farmers have been advised to position themselves for a new emerging market in the Gulf region where there is an assured market for Ugandan fruits, vegetable and cereals.In an exclusive interview, Ms Olive Kigongo, the president Uganda National Chamber of Commerce and Industry said Ugandans should brace themselves for the new market in the Gulf region because the Arab countries import all their food and as long as they can fulfill the quantities and quality of food required, there is an assured market for avocados, pine apples, passion fruits and vegetables from Uganda.“The Islamic Chamber of Commerce, Industry and Agriculture has identified 57 companies which are interested in different investments in agriculture because Arab countries import all their food and as long as we can satisfy the quantities and quality, this is the opportunity,” she said. Read more ▪ UNCCI: Egyptian investors target Uganda Over a dozen Egyptian companies have expressed interest in investing in Uganda, following efforts to augment relations between the two countries. Interested companies range from those manufacturing household appliances to furniture makers among others, according to Dr. Sherif El Khoraiby, the chairman of COMESA. He said the first investor has established a $2m (about sh5.8b) energy technical institute in Entebbe which is due for commissioning. Dr. Khoraiby made the revelation during a press conference he convened ahead of third international conference for economic integration among the Nile Basin countries. The press conference at the Kampala Sheraton Hotel was attended by finance state minister Fred Omach and other Egyptian dignitaries and the private sector. Michael Galabuzi, the Uganda National Chamber of Commerce and Industry (UNCCI) secretary general, welcomed the Egyptians investors and advised local businessmen to prepare for the opportunity. Read more ▪  UCOC: Pakistan to facilitate Uganda businessmen to exhibit in Karachi The Pakistani government has in bid to bolster trade and economic relations between Uganda and Pakistani laxed visa entry restrictions for Uganda traders entering Pakistan. Amir Mohyuddin the Commercial Counselor, at the Pakistan High Commission echoed these concerns during his visit to Kampala.The counselor who was in Kampala to promote the 9th Edition of the Expo Pakistan said boosting trade relations between Uganda and Pakistan is high on the agenda now. Mohyuddin who also had talks with Olive Kigongo the Uganda Chamber of Commerce and Industry boss reechoed the opportunities of enhancing bilateral trade between Uganda and Pakistan. “Pakistan enjoys competitive advantage in a number of industrial sectors such as textiles, leather, pharmaceutical and agro machinery as well as light engineering goods,” said Mohyuddin. He noted that all these sectors would be displayed at the forthcoming Expo. “Ugandan businessmen can benefit from the expo by sourcing their imports from Pakistan at competitive prices,” he told a meeting of Pakistan businessmen at Kati Kati restaurant in Kampala. Read more ▪  Oil: Ugandans advised on joint venture with Chinese Uganda National Chamber of Commerce and Industry (UNCC) has asked the local business community to consider a joint venture with Chinese in the oil industry to enable them get the expertise and gain more from the oil sector.The call was made during a courtesy call by a sixteen-man delegation of Mayors and Governors from China at the UNCCI premises at Kiira Road.The meeting was aimed at strengthening trade ties between Uganda business community and Chinese investors.Speaking on behalf of UNCCI president, Steven Kabagambe, the acting secretary general Uganda Chamber of Commerce said the local business community lack capacity to manage the industry.Kabagambe noted that China has cost effective advanced technology that can help Uganda to grow other than depending on donations and hiring experts. Read more ▪  PTA Bank, Uganda traders sign financial deal Cut-throat competition among foreign lenders to finance trade and projects in Uganda has compelled regional development lender, PTA Bank, to forge closer relationships with local business associations to protect its market share. After years of remote presence in Uganda that has seen the lender execute local transactions from Nairobi, PTA Bank has entered into an alliance with the Uganda National Chamber of Commerce and Industry (Uncci). Read more ▪   The Preferential Trade Area Bank (PTA), also known as the Eastern & Southern African Trade & Development Bank, held a Bank Business Seminar at Sheraton Hotel in Kampala. The event was organized in conjunction with the Uganda National Chamber of Commerce and Industry (UNCCI) to share information on the opportunities provided by the bank with its members. PTA “can do better than the commercial banks,” said Olive Kigongo, President of the UNCCI (right photo) "because they offer business people better rates in comparison" “We are a quiet bank” said Admassu Tadesse, the President and CEO of the bank (left photo), but “it’s time we made some noise,” he added. Read more ▪ | The Uganda National Chamber of Commerce and Industry (UNCCI)  |
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