Uganda's top trade official made a bold pitch to Indonesian business leaders at a fancy Jakarta hotel. Gen. Wilson Mbadi Mbasu told the crowd that Uganda wants their companies to come invest in his country. The minister spoke at the Pearl of Africa Business Forum and painted Uganda as a goldmine waiting to be discovered. He talked up opportunities in tourism, technology, mining, and oil drilling. The general said both countries could get rich by working together.
The numbers show Uganda and Indonesia barely trade with each other right here. Uganda sold about 39 million dollars worth of stuff to Indonesia last year, mostly cocoa and raw materials. Indonesia sent back only 17 million dollars worth of goods like steel, machines, and medicine. The minister admitted the trade was lopsided but said it could grow fast with the right deals. He promised to set up better business connections between the two countries.
Gen. Mbadi bragged about Uganda's young population and growing digital economy. He wants Indonesian companies to partner with Ugandan firms on financial technology and online learning platforms. The minister also pushed Uganda's mineral wealth, including gold, copper, and lithium that electric car makers need. He said Uganda has 6.5 billion barrels of oil reserves ready for development.
The general wrapped up by telling investors to ignore the risks and focus on Uganda's bright future. He said Uganda's government welcomes foreign money and keeps business rules clear and fair.
The numbers show Uganda and Indonesia barely trade with each other right here. Uganda sold about 39 million dollars worth of stuff to Indonesia last year, mostly cocoa and raw materials. Indonesia sent back only 17 million dollars worth of goods like steel, machines, and medicine. The minister admitted the trade was lopsided but said it could grow fast with the right deals. He promised to set up better business connections between the two countries.
Gen. Mbadi bragged about Uganda's young population and growing digital economy. He wants Indonesian companies to partner with Ugandan firms on financial technology and online learning platforms. The minister also pushed Uganda's mineral wealth, including gold, copper, and lithium that electric car makers need. He said Uganda has 6.5 billion barrels of oil reserves ready for development.
The general wrapped up by telling investors to ignore the risks and focus on Uganda's bright future. He said Uganda's government welcomes foreign money and keeps business rules clear and fair.
