Uganda is a good investment location for companies like Atlanta-based Lanier Worldwide Inc., whose distributor of fax machines and copiers there is one of its most successful in Africa, according to Lanier trade credit analyst, Patricia Jodesty.
Other Georgia companies would be wise to invest in “the pearl of Africa’s enormous potential,” Lt. Col. Kayihura Kale, adviser to the Ugandan president, told GlobalFax at an Atlanta Women in International Trade (AWIT) dinner held at the World Trade Center last week to discuss business possibilities in the African country.
Col. Kale praised Uganda’s agricultural industry as one of its strongest assets, but he also said that the country, as the source of the Nile River, is a prime location for hydro-power generation, as witnessed by a recent $500 million dam project by AES Corp. out of Virginia.
Coffee is one of the Uganda’s largest exports. It is procured by exporters directly from individual farmers, and 80% is sold to European Union countries. The rest is sold to markets in Eastern Europe, Far East Asia, the Middle East and North America.
Lanier Worldwide has 34 distributors in Africa alone, including those in Egypt, Kenya, Ghana, Morocco, Nigeria, Seychelles, South Africa, Uganda and Zimbabwe. For more information, contact AWIT at (678) 432-0803. For the full text, see www.globalatlanta.com