On October 6, 2026, President Yoweri Kaguta Museveni hosted Dr. Abbas A. Waziri, Group Chairman of Resident Group PLC from Nigeria, at State House Entebbe. The meeting focused on exploring investment opportunities in Uganda and enhancing economic cooperation between the East African nation and Nigeria. This encounter is part of Uganda's efforts to promote investment and expand economic partnerships with other African countries.
During the discussions, Dr. Waziri expressed interest in investing in Uganda, particularly in establishing a cement manufacturing plant and exploring opportunities in the country's minerals sector. The Nigerian investor's interest in Uganda's economy aligns with the country's goal of attracting foreign investment to drive growth and development. Uganda's government has been actively seeking to create a favorable business environment to attract investors.
The meeting also highlighted Uganda's rich Ankole cattle heritage, with President Museveni and Dr. Waziri exploring opportunities to export Ankole cattle and Ugandan dairy products to the Nigerian market. This potential trade agreement could benefit both countries, with Uganda gaining access to a new market for its agricultural products and Nigeria benefiting from Uganda's high-quality dairy products.
Strengthening economic ties between Uganda and Nigeria is a key aspect of Uganda's strategy to expand its economic partnerships with other African countries. By engaging with investors like Dr. Waziri, Uganda aims to create new markets for its products and increase foreign investment. This approach is expected to contribute to Uganda's economic growth and development.
President Museveni's efforts to promote investment in Uganda have been ongoing, with a focus on creating a favorable business environment and attracting foreign investors. The meeting with Dr. Waziri is part of these efforts, demonstrating Uganda's commitment to engaging with investors and exploring new opportunities for economic growth.
The discussions between President Museveni and Dr. Waziri also underscored the importance of collaboration between Uganda and Nigeria in the economic sphere. By working together, the two countries can identify areas of mutual benefit and develop strategies to enhance trade and investment.
The outcome of the meeting between President Museveni and Dr. Waziri is expected to contribute to the growth of Uganda's economy and strengthen economic ties between Uganda and Nigeria. The two countries are likely to continue exploring opportunities for investment and trade, with a focus on creating new markets and driving economic development.
Key points
- President Museveni meets Nigerian investor Dr. Abbas A. Waziri to discuss investment opportunities in Uganda.
- Dr. Waziri expresses interest in investing in Uganda's cement manufacturing and minerals sectors.
- Uganda and Nigeria explore opportunities to export Ankole cattle and Ugandan dairy products to the Nigerian market.
