Russia is finalising plans to open a business support center in Uganda in a bid grow the economic ties between the two countries. The business center will be based in Uganda’s capital Kampala.
The Coordination Committee for Economic Cooperation with Sub-Saharan African States (AfroCom), a body that unites the investors, believes that Kampala will be a good launchpad for Russia’s business growth agenda in Uganda .
In the same vein, Russian businesses will be able to harness the various opportunities in the resource rich nation.
Igor Morozov, the chairman AfroCom, while Speaking at the Russia-Uganda Business Forum called the move, a small step in the right direction for both countries .
“We want to make our experiment exactly in this capital and create a model of this center, to understand how we will support the Russian business, the midsize and the small one, from regions, which is ready to come to Africa and unlock all its capabilities, including creation of its enterprises and localisation.”
“This is Uganda, in the first instance,” he concluded .
Formed in 2009 to promote interests of the Russian business in Africa, AfroCom is slowly starting to increase its footprint on the continent.