President Yoweri Museveni has today held a meeting with investors from Kazakhstan who called on him at State House, Entebbe.
The President met with the Eurasian Natural Resources Corporation Chief Executive Officer, Mr. Benedict Sobotka, who expressed interest in investing in the mining industry in Uganda.
Eurasian Natural Resources Corporation is a leading private multinational diversified natural resources’ company with operations in Africa in the Democratic Republic of Congo (DRC), Mozambique, Zambia and South Africa. Elsewhere, the company operates in Russia, Brazil and China.
Mr. Sobotka told President Museveni that his company wants to invest in the extraction of copper and cobalt in Uganda.
President Museveni welcomed the company’s interest in Uganda’s mining sector and called for the construction of processing facilities where minerals are fully processed.
“During the colonial times, the British were under-processing copper to only 94%,” he said.
The President stressed that when minerals are not fully processed but exported in raw form, government loses out on revenue.
Kazakhstan is the largest Central Asian country extending from the Caspian Sea in West to its eastern border with China and Russia.
A country of a population of nearly 20 million, Kazakhstan also boasts of the largest and strongest performing economy in Central Asia supported by rising oil output and prices.
Education in Kazakhstan is universal and mandatory through to the secondary level.
