Ambassador Jan Sadek has reaffirmed the European Union’s commitment to Uganda’s economic transformation, emphasizing that Agricultural Technology (AgTech) and Sustainable Mining are key to unlocking the country’s full potential.
Speaking at the Uganda-EU Business Insights 2025 conference in Kampala, Sadek highlighted the growing trade partnership between Uganda and the EU, noting that increased investment and innovation in these sectors could drive job creation, boost exports, and enhance livelihoods.
“This event is more than just a gathering; it’s a platform to explore new opportunities and foster strong partnerships,” said Ambassador Sadek. “AgTech and Sustainable Mining have the power to transform Uganda’s economy by increasing productivity, creating jobs, and strengthening international trade.”
The Uganda-EU trade relationship has been on a steady rise, with exports from Uganda to the EU nearly doubling from 500 million euros in 2019 to 900 million euros in 2024. Ambassador Sadek described this as a remarkable achievement, noting that Uganda now enjoys a positive trade balance with the EU worth 150 million euros.
“There is growing interest from European investors in Uganda, and for good reason. Uganda offers one of the highest returns on investment in Africa, with an impressive 13.8% average return recorded in 2022,” he stated.
The EU’s Global Gateway initiative, which aims to mobilize up to 1.8 trillion euros in investments by 2027, is expected to further boost Uganda’s economy. As part of this initiative, Uganda is already benefiting from key projects such as the rehabilitation of the Nalubaale-Kiira hydropower plant, which will enhance energy sustainability and support industrial growth.
The conference, a follow-up to the 2024 Uganda-EU Business Forum, featured panel discussions, exhibitions, and matchmaking sessions designed to facilitate investment and collaboration in AgTech and Sustainable Mining.
“These sectors are critical for Uganda’s future. AgTech will modernize agriculture, enhance food security, and improve farmers’ incomes, while Sustainable Mining will ensure responsible resource extraction that benefits both the environment and the economy,” Sadek explained.
Uganda is already seeing increased EU support in these areas, with initiatives such as digital platforms for farmers and programs promoting sustainable mining practices. The EU delegation emphasized that long-term, sustainable investments—not quick fixes—are the key to lasting impact.
Despite Uganda’s economic progress, challenges such as climate change, limited access to finance, and evolving global trade policies remain barriers to growth. Ambassador Sadek urged stakeholders to embrace innovation and collaboration to navigate these obstacles.
“We must think outside the box and find ways to make our industries more competitive while adhering to international standards on the environment and human rights,” he said. “By working together, we can ensure that Uganda’s resources are utilized in a way that benefits both the economy and its people.”
The conference was organized in partnership with key stakeholders, including the Private Sector Foundation Uganda (PSFU), Uganda Chamber of Mines, and the Financial Technology Service Providers’ Association, with sponsorship from I&M Bank Ltd., The Netherlands Embassy, and the EU-Africa Business Forum Facility.
Ambassador Sadek emphasized that the EU’s focus remains on fostering long-term, mutually beneficial partnerships. “This is not just another business forum; it’s a step toward transformative economic growth,” he said. “The future is bright, and together, we can achieve great things.”
With strengthened collaborations and fresh investment prospects, Uganda’s AgTech and Sustainable Mining sectors are set to drive the country’s economic growth, solidifying its position as a key player in Africa’s trade and investment landscape.
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