President Museveni roots for more investment partnerships between Israel, Uganda

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Uganda’s President Yoweri Museveni has said there should be more investment partnerships between Uganda and Israel to exploit further the latter’s close proximity to Africa.

He was speaking at the commissioning of Vital-Tomosi Company, a new partnership venture between Vital Capital Fund from Israel and Mr. Odrek and his wife Patience Rwabwoogo Rwabwoogo. The venture is ranged to churn out 100,000 litres of milk products using quality technology to ensure best dairy products that will include different flavours like yoghurt and UHT milk, among others, targeting the local and regional markets.

During the ceremony that took place Tuesday in Rushere Town, Kiruhuura District, Ankole Sub-Region in the South Western Region of Uganda, the President noted that the African continent is very rich but her people still live in the pre-money economy.

He said that he has, since 1966 to date, he has tried to sensitise the masses in Uganda about the importance of embracing the money economy in order to enable households generate money, become rich and address their families’ needs.

“The problem I found here in 1966 was subsistence farming. It is not that there is no money but I had to fight and guide people on how to leave nomadism and embrace awareness about generating money,” he said.

He added that for a long time, he had to deal with the issue of educating the people of the area on choosing which profitable enterprise they would have to undertake adding that dairy farming was the best for the people in the area. President Museveni thanked Mr. Eytan Stibbe, the main investor of Vital Capital Fund for partnering with Mr. Odrek Rwabwoogo and his wife, Patience in the venture of churning out milk products.

He asked the people of the area to embrace the venture and diversify dairy farming (meat and milk) with fruit (bananas) production to boost their household incomes. He also called on them to appreciate modern and better modes of milk production in order to boost their capacity to churn out standard products and earn more money.

Hon. Fred Mwesigye, area MP saluted the President for enabling the transformation of Uganda by ensuring peace and availing development programmes resulting in many industries sprouting in different parts of the country.

Mr. Eytan Stibbe of Vital Capital Fund who is the main Investor in the plant, commended President Museveni and NRM Government for the conducive investment environment that, he said, is tailored for the economic emancipation of Uganda in particular and Africa in general.

Mr. Odrek Rwabwoogo, on his part, was thankful to God for the realization of the venture. He also commended the President for guiding and supporting the youth in fighting against poverty as Chief Executive Director, Eyal Jonas, gave assurances on best quality of their products.