Uganda: Locals Told to Trade More With Turkey
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New Vision (Kampala)
22 August 2008
Posted to the web 23 August 2008
James Odomel
Kampala
LOCAL businesspeople should explore opportunities in Turkey's sectors and sub-sectors like textiles, electronics, packaging and construction.
The president of the Uganda National Chamber of Commerce and Industry (UNCCI), Olive Kigongo, said: "African countries have started buying more goods from Turkey, especially West Africans. Our business community should also partake of the lucrative trade opportunities in Turkey."
Although it was closed off from African economies for long, in the past decade, Turkey has intensified efforts to open up its market to sub-Saharan Africa.
Trade between Africa and Turkey has risen to over $13b in 2007 from $5.4b in 2003. At the end of this year, it is expected to be at $20b.
In July this year, TUSKON, an association of businessmen in Turkey, organised a business forum, which was attended by a Uganda delegation led by the Vice- President, Prof. Gilbert Bukenya, and UNCCI officials.
During the conference, delegates drawn from over 40 African countries, recognised the need for Africa to increase production capacity and the potential of the Turkish businessmen to invest in Africa.
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As a solution to the above problem, the Turkish government increased its foreign investments programme in Africa.
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