Minister Ssempijja hosts Russian investors to boost marine industry

Russian Investors at Ministry of Defense headquarters in Kampala

The Minister of Defense and Veteran Affairs, Vincent Bamulangaki Ssempijja has hosted a delegation of investors from Russia and Dubai

The investors were led by the Senior Presidential Advisor on Diaspora Affairs, Amb. Abbey Walusimbi as some of the fruits following his visit to Dubai during the 2021 Expo.

The investors are from AKSUM and INKAS companies based in Russia and Dubai are interested in exploring opportunities in the Marine industry.

During the meeting, the Minister appreciated President Museveni for appointing Amb. Walusimbi who has done a tremendous work in boosting the country Investment sector through bringing into the country a number of potential investors.

This strategic meeting was held to discuss ways on how to improve and strengthen UPDF’s services on Uganda’s water bodies as well as improve security.

Ssempijja said that being a result oriented person, he will take it upon himself to ensure that the investors are given all the support they need in setting up an assembling and manufacturing plant of the different water vessels.

The Minister is remembered for having facilitated first free treatment of HIV/AIDS throughout the the provision of ARV services in Uganda and East Africa.

Amb. Abbey Walusimbi and the Minister of Defense, Vincent Ssempijja

During the meeting, the Ambassador revealed that the investors who are worth millions of dollars felt it necessary to visit Uganda for an exploration mission of the enormous opportunities in the country following his interaction with them during the Dubai 2021 Expo.

“The group which is led by Mr. SVIATOSLAY PLEKHIN is in the Country to find out ways of improving and stimulating Uganda’s water transport sector, by establishing an assembling  and manufacturing plant of some boats, ships and other water vessels,” Walusimbi said.

Amb. Walusimbi emphasized the need of the different sectors working together to achieve sustainable peace and security in the country.

“Sustainable peace cannot be achieved when different sectors don’t work together and several programs can be used to reduce conflict, violent extremism and insecurity in Uganda, EAC, GLR and Horn of Africa,” Walusimbi said.

At the meeting, the Deputy Chief of Defense Forces, Lt. Gen. Peter Elwelu welcomed the ideas and promised to collaborate.

Gen. Elwelu commended for a second meeting to guide the implementation of the wonderful projects.

On his part, the Managing Partner, AKSUM Marine, Sviatoslav Plekhin appreciated the country’s great hospitality and the opportunities that the country offers that favor investment to thrive.

The Ambassador was in the meeting alongside the Head of the Technical Team, Peace Service Amb. Milton Kambula.


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