Hungarian entrepreneurs are welcomed in Uganda

To explore business opportunities between the two countries, the Hungarian Trade and Cultural Center (HTTC) sent a business delegation to Kampala, capital of Uganda. The delegation, led by Miklós Seszták,Minister of National Development of Hungary, participated in a business forum together with government and business representatives of Uganda. Maria Kiwanuka, Minister of National Development of Uganda was also present at the meeting, reports globoport.hu.

“It’s a joy and honour to be here with you” – said Miklós Seszták in Swahili in his introductory speech. This delegation provides a great opportunity to continue the work that began with the foundation of the Hungarian – Uganda Business Council. It is worth concentrating on the agricultural sector as it has a high priority for both countries, said Seszták. The goal of the Southern opening strategy is to build a more intensive business relationship based on mutual cooperationwith the Sub-Saharan region’s countries.

Maria Kiwanuka, Minister of National Development of Uganda, highlighted the economic and agricultural opportunities this business forum has; Uganda offers political stability, government funds, and beneficial bureaucratic background to Hungarian investors. The presence of Helios Agro Ltd. is a great example of agricultural cooperation. In his welcome speech Sándor Balogh, president of the African-Hungarian Union (AHU), emphasized that the growing middle class with its potential customers offers great opportunities to foreign investors. The African continent is going to be the global economy’s engine, Balogh added. The business forum provided a great chance for businessmen to form personal relations which can contribute to further developments.