{"id":11260,"date":"2019-09-13T12:17:00","date_gmt":"2019-09-13T09:17:00","guid":{"rendered":"https:\/\/ugmirror.com\/?p=11260"},"modified":"2019-09-13T12:17:05","modified_gmt":"2019-09-13T09:17:05","slug":"nordics-east-africa-seek-better-business-ties","status":"publish","type":"post","link":"https:\/\/ugmirror.com\/index.php\/2019\/09\/13\/nordics-east-africa-seek-better-business-ties\/","title":{"rendered":"Nordics- East Africa Seek Better Business Ties"},"content":{"rendered":"<p>The\nNordic and East African countries have held the first ever business expo and\nconference aimed at opening up investment opportunities in the two world\neconomic regions.<\/p>\n<!-- \/wp:post-content -->\n\n<!-- wp:paragraph -->\n<p>Organized\nby Ferrum Capital, Debridge, Uganda Embassy to the Nordic Countries and Uganda\nUrban Expo, the three day event was held at Marina Congress Center in Helsinki,\nFinland under the theme: &acirc;&#128;&#156;Unveiling the potential of Africa&acirc;&#128;&#153;s fastest-growing\nregion: East Africa &#8211; the Nordic New Frontier&acirc;&#128;&#157;.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Present\nwere business executives and high-level representatives from the East African\ncountries who discussed concrete business opportunities with Finnish and Nordic\nbusiness executives.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Main\nEast African Keynote speakers at the event, among others were, Her Excellency\nNimisha Madhvani, Uganda&acirc;&#128;&#153;s Ambassador to the Nordics, who is also a board\nmember of the Uganda National Oil Company and Mr. Patrick Mweheire, the Chief Executive\nOfficer of Stanbic Bank Uganda.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Other\nmain keynote speakers included Professor Charles Kwesiga, the Director Uganda\nIndustrial Research Institute and Joash Maangi, the Deputy Governor of Kisii\nCounty in Kenya.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Madhvani\nunderscored the need to invest in areas that would boost the Uganda&acirc;&#128;&#153;s export\nsector.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>She\ncited areas in agriculture, ICT and health sectors that could have high returns\non investment while contributing to the economic development of Uganda.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Markku\nOlli, the Regional manager for Finnvera, a Finnish state-owned financing\ncompany, revealed that they were running the African project through which export\nguarantees can be secured for East African products. <\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Jari\nKaitera, Chairman of Ferrum Capital and an organizer for the event, said the\nEast African region has developed into one of the world&acirc;&#128;&#153;s most exciting zones\nof economic growth given the approximately 140 million consumers and the growing\nmiddle class.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&acirc;&#128;&#156;The\nannual growth rate for Kenya, Rwanda, Tanzania, and Uganda is at least around\n5%. This is a good pace.&acirc;&#128;&#157; Kaitera said.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The\nWorld Bank report for the year 2018 lists, agriculture, health and\npharmaceuticals, and construction and energy as growth industries in East\nAfrica.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Kaitera\nnoted that in addition to those areas, they were looking at attracting Nordic\nplayers from several sectors, including education, ICT, and packaging.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&acirc;&#128;&#156;Naturally,\nthere are a lot of questions in the Nordics on operating in East Africa. What\nthe opportunities are, where&acirc;&#128;&#153;s the largest growth potential, what risks are\nthere, and many others. The mission of this event is to clarify and provide\nanswers to these questions and showcase the success stories of Finnish\ncompanies and how they&acirc;&#128;&#153;ve found success in Africa.&acirc;&#128;&#157; Kaitera added.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:image {\"id\":11262} -->\n<figure class=\"wp-block-image\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/ugmirror.com\/wp-content\/uploads\/2019\/09\/nordi1-1024x768.jpg\" alt=\"\" class=\"wp-image-11262\" srcset=\"https:\/\/ugmirror.com\/wp-content\/uploads\/2019\/09\/nordi1.jpg 1024w, https:\/\/ugmirror.com\/wp-content\/uploads\/2019\/09\/nordi1-300x225.jpg 300w, https:\/\/ugmirror.com\/wp-content\/uploads\/2019\/09\/nordi1-768x576.jpg 768w, https:\/\/ugmirror.com\/wp-content\/uploads\/2019\/09\/nordi1-560x420.jpg 560w, https:\/\/ugmirror.com\/wp-content\/uploads\/2019\/09\/nordi1-80x60.jpg 80w, https:\/\/ugmirror.com\/wp-content\/uploads\/2019\/09\/nordi1-160x120.jpg 160w, https:\/\/ugmirror.com\/wp-content\/uploads\/2019\/09\/nordi1-100x75.jpg 100w, https:\/\/ugmirror.com\/wp-content\/uploads\/2019\/09\/nordi1-200x150.jpg 200w, https:\/\/ugmirror.com\/wp-content\/uploads\/2019\/09\/nordi1-180x135.jpg 180w, https:\/\/ugmirror.com\/wp-content\/uploads\/2019\/09\/nordi1-360x270.jpg 360w, https:\/\/ugmirror.com\/wp-content\/uploads\/2019\/09\/nordi1-238x178.jpg 238w, https:\/\/ugmirror.com\/wp-content\/uploads\/2019\/09\/nordi1-476x356.jpg 476w, https:\/\/ugmirror.com\/wp-content\/uploads\/2019\/09\/nordi1-265x198.jpg 265w, https:\/\/ugmirror.com\/wp-content\/uploads\/2019\/09\/nordi1-1022x768.jpg 1022w, https:\/\/ugmirror.com\/wp-content\/uploads\/2019\/09\/nordi1-640x480.jpg 640w, https:\/\/ugmirror.com\/wp-content\/uploads\/2019\/09\/nordi1-681x511.jpg 681w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption> First Lady of the Central African Republic, Brigitte Touad (C) and Uganda&#8217;s &Acirc;&nbsp;Ambassador to Nordic&Acirc;&nbsp;countries, Nimisha Madhvani (4R) with other delegates at the conference. <\/figcaption><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph -->\n<p>He\nrevealed that in order to get the Nordic businesses quickly established and going,\nthey will be arranging East Africa trips and meetings for those interested in\nstarting off fast.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&acirc;&#128;&#156;With\nits economic growth, East Africa right now has vast amounts of untapped\nbusiness potential. In a lot of countries, the opportunities for co-operation\nand market development have gone unnoticed or have not manifested as concrete\nbusiness activities.&acirc;&#128;&#157; Paul Jaaza, from Debridge, a partner organizing firm,\nnoted.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>He\nnoted for example that the Nordic companies could invest in the Ugandan\nagricultural sector and help improve the quality of produce to be able to\naccess more American and European Union markets.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&acirc;&#128;&#156;The\ncompanies in the region are looking for partners to raise the production\nquality to meet export standards. We hope and believe that the Nordics have the\nbusiness acumen to rise to the challenge&acirc;&#128;&#157;, Jaaza said.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Also\npresent was Ms. Elly Kamahungye, Uganda&acirc;&#128;&#153;s Deputy Ambassador to the Nordics, Mr.\nRobert Wasike Deputy head of mission and Ritva Reinikka, former World Bank&acirc;&#128;&#153;s\ndirector of the African business and human development in the Africa Region.<\/p>\n<!-- \/wp:paragraph -->","protected":false},"excerpt":{"rendered":"<p>The Nordic and East African countries have held the first ever business expo and conference aimed at opening up investment opportunities in the two world economic regions. Organized by Ferrum Capital, Debridge, Uganda Embassy to the Nordic Countries and Uganda Urban Expo, the three day event was held at Marina Congress Center in Helsinki, Finland [&hellip;]<\/p>\n","protected":false},"author":27983,"featured_media":11261,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_paywall_metabox":[],"jnews_override_counter":[],"footnotes":""},"categories":[98],"tags":[],"class_list":["post-11260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nordics- East Africa Seek Better Business Ties - Uganda Mirror<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ugmirror.com\/index.php\/2019\/09\/13\/nordics-east-africa-seek-better-business-ties\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nordics- East Africa Seek Better Business Ties - Uganda Mirror\" \/>\n<meta property=\"og:description\" content=\"The Nordic and East African countries have held the first ever business expo and conference aimed at opening up investment opportunities in the two world economic regions. 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