The plant will be used to assemble parts of home appliances such as fridges, gas cookers and washing machines. The plan was disclosed by Egypt’s First Assistant to the Minister of Trade and Industry, Eng. Ahmed Taha, who led a high-powered trade and investment delegation that visited Uganda Investment Authority (UIA).
Eng. Ahmed Taha says Egypt investors will set up home appliances assembly plant in Uganda
A team of Egyptian investors plan to set up a home appliances assembly
plant in Uganda.
The plant will be used to assemble parts of fridges, gas cookers and washing
The plan was disclosed by Egypt’s First Assistant to the Minister of
Trade and Industry, Eng. Ahmed Taha, who led a trade and investment delegation
that visited Uganda Investment Authority-UIA on Friday.
Taha said investment in Uganda will be
part of Egypt’s bigger strategy that aims at linking and strengthening the
Egyptian economy with other African markets.
The strategy focuses on enhancing Africa’s industrial base through a special
programme dubbed “Africa’s Industrial Integration: From Africa to Africa and
Africa to the Word.”
To achieve the goal of an enhanced African industrial base, Taha revealed that
they have got three elements, one of which is skills development through
vocational training in areas like irrigation and internship in industrial
settings. Setting assembly plant means Uganda will be betting from industrial
Taha said their model involves initially exporting to Uganda semi-knocked down parts
of home appliances like fridges, gas cookers and washing machines, transforming
into exportation of completely knocked down materials. This will create jobs
and enhance export of appliances assembled in Uganda.
The second element of the Egyptian strategy, Taha says will
involve processing of food and textiles from cotton. On textiles, for example,
he explained that initially the cotton will be produced in Uganda and processed
in Egypt, adding that as capacity improves garments factories will be
established in Uganda.
Taha revealed that Uganda is the first country he visited to
promote the strategy.
UIA’s Director for Investment Promotion and Business Development, Sheila Karungi,
described the visit as timely because there is already a working relationship
with Egypt through UIA’s partner agency, the Uganda Free Zones Authority.”