• Home
  • National
    • Politics
    • Global
    • East Africa
    • Featured
    • Health
    • Investigations
    • Science
    • Security
    • Tech
  • News
  • Business
  • Entertainment
    • Lifestyle
  • Sports
    • Basketball
    • Football
    • Gaming
    • Golf
    • Netball
    • Volleyball
  • Exclusive
  • Travel
  • About us
Sunday, August 2, 2026
  • Login
  • Register
UG Bulletin
Advertisement
  • Home
  • National
    • Politics
    • Global
    • East Africa
    • Featured
    • Health
    • Investigations
    • Science
    • Security
    • Tech
  • News
  • Business
  • Entertainment
    • All
    • Movie
    • Music
    Cindy, Omega 256’s ‘See you tonight’ is song of  the year 2025- survey

    Cindy, Omega 256’s ‘See you tonight’ is song of the year 2025- survey

    Isaiah Katumwa breaks into U.S. billboard smooth jazz chart with “New Days”

    Isaiah Katumwa earns double nominations at Mzantsi Jazz awards in South Africa

    Weasel withdraws Goodlyfe music catalogue from UPRS over royalty dispute

    Weasel withdraws Goodlyfe music catalogue from UPRS over royalty dispute

    Jose Chameleone threatens to sue journalist Josephat Sseguya over DNA claims

    Jose Chameleone threatens to sue journalist Josephat Sseguya over DNA claims

    Zari says it is over between her and Shakib

    Zari says it is over between her and Shakib

    UCC postpones 2026 Uganda Film Festival over Ebola concerns

    UCC postpones 2026 Uganda Film Festival over Ebola concerns

    Midweek madness: New comedy show to breath life into Kampala entertaiment scene

    Midweek madness: New comedy show to breath life into Kampala entertaiment scene

    Castle Lite taps Ugandan celebrities to ignite nationwide refreshment campaign

    Castle Lite taps Ugandan celebrities to ignite nationwide refreshment campaign

    Music, tourism take centre stage as Nile Special, Safari Beat deliver unforgettable Spice concert in Kampala

    Music, tourism take centre stage as Nile Special, Safari Beat deliver unforgettable Spice concert in Kampala

    • Lifestyle
  • Sports
    • Basketball
    • Football
    • Gaming
    • Golf
    • Netball
    • Volleyball
  • Exclusive
  • Travel
  • About us
No Result
View All Result
  • Home
  • National
    • Politics
    • Global
    • East Africa
    • Featured
    • Health
    • Investigations
    • Science
    • Security
    • Tech
  • News
  • Business
  • Entertainment
    • All
    • Movie
    • Music
    Cindy, Omega 256’s ‘See you tonight’ is song of  the year 2025- survey

    Cindy, Omega 256’s ‘See you tonight’ is song of the year 2025- survey

    Isaiah Katumwa breaks into U.S. billboard smooth jazz chart with “New Days”

    Isaiah Katumwa earns double nominations at Mzantsi Jazz awards in South Africa

    Weasel withdraws Goodlyfe music catalogue from UPRS over royalty dispute

    Weasel withdraws Goodlyfe music catalogue from UPRS over royalty dispute

    Jose Chameleone threatens to sue journalist Josephat Sseguya over DNA claims

    Jose Chameleone threatens to sue journalist Josephat Sseguya over DNA claims

    Zari says it is over between her and Shakib

    Zari says it is over between her and Shakib

    UCC postpones 2026 Uganda Film Festival over Ebola concerns

    UCC postpones 2026 Uganda Film Festival over Ebola concerns

    Midweek madness: New comedy show to breath life into Kampala entertaiment scene

    Midweek madness: New comedy show to breath life into Kampala entertaiment scene

    Castle Lite taps Ugandan celebrities to ignite nationwide refreshment campaign

    Castle Lite taps Ugandan celebrities to ignite nationwide refreshment campaign

    Music, tourism take centre stage as Nile Special, Safari Beat deliver unforgettable Spice concert in Kampala

    Music, tourism take centre stage as Nile Special, Safari Beat deliver unforgettable Spice concert in Kampala

    • Lifestyle
  • Sports
    • Basketball
    • Football
    • Gaming
    • Golf
    • Netball
    • Volleyball
  • Exclusive
  • Travel
  • About us
No Result
View All Result
UG Bulletin
No Result
View All Result
Home News

Museveni asks Europe to invest more in Africa for shared prosperity

by Muhammad Ngobi
in News
Reading Time: 3 mins read
4
A A
0
Museveni asks Europe to invest more in Africa for shared prosperity
4
SHARES
53
VIEWS
Share on FacebookShare on TwitterShare on LinkedinShare on WhatAappShare by Email

President Museveni has called on European countries to take advantage of their proximity to Africa and increase investments on the continent for mutual economic growth and prosperity.

Speaking during a meeting with a high-level Austrian delegation on the sidelines of the 19th Ministerial Meeting of the Coordinating Bureau of the Non-Aligned Movement (NAM) at Speke Resort Munyonyo in Kampala, President Museveni emphasized that Africa presents vast untapped opportunities that Europe continues to overlook.

“I feel sorry that Europeans are our relatives, speaking English like me because I don’t speak Russian, but the Europeans have not been taking advantage of that, and yet they are also near Africa. They are not far away,” Museveni remarked.

He jokingly added that “some of the European countries should be members of the African Union,” given their historical and cultural connections to the continent.

“But somehow, they have neglected the opportunities in Africa, including business investment,” he said.

President Museveni contrasted Europe’s hesitation with China’s growing engagement in Africa, noting:

“When you see the Chinese come here and they are really doing great work, you wonder why our European people are totally sleeping.”

The president reiterated that Uganda and Africa at large were ready to welcome more European investors.

“We have a lot of linkages — many Africans now speak English, some speak Portuguese, and many of them are Christians — so we have cultural and historical bonds that make collaboration easier,” he said.

He further highlighted Africa’s enormous potential in terms of both population and resources.

“Africa is 12 times the size of India. You can fit India into Africa 12 times, but you people who left multiplied more than those who stayed,” he noted.

President Museveni pointed to Africa’s demographic transformation as a strategic advantage.

“Until recently, the population of India was bigger than the population of the whole of Africa. But now, because of modern science, we have been able to suppress our enemies. At last, Africa is now 1.5 billion, and in the next 27 years, it will be 2.5 billion,” he said, describing the continent as a massive future market and labour force.

The Austrian delegation was led by Foreign Affairs Minister Beate Meinl-Reisinger, who informed President Museveni that Austria had, for the first time, decided to draft a comprehensive African Strategy to guide its engagement with the continent.

“We have been long-standing partners, and I think next year we will celebrate the 60th anniversary of our bilateral relations,” Meinl-Reisinger said.

She acknowledged that traditional development cooperation has its limits, but Austria is now focusing on economic opportunities and innovation.

“We see opportunities there as a very young and dynamic, innovative continent. Your country’s average age is 16 years — it’s truly amazing. So, I would very much appreciate intensifying our bilateral relations,” she added.

Meinl-Reisinger revealed that Austria and Uganda are finalizing a Memorandum of Understanding on Mobility and Migration, which would facilitate greater movement of Ugandans to Austria for business and other opportunities.

She also noted that Austria is working closely with the European Union’s Global Gateway Initiative, which is currently directing approximately €600 million toward sustainable agriculture, particularly coffee production, and climate change mitigation across Africa.

“I think there are some good developments, and Europe understands that it’s about proving that we are reliable partners, and we are willing to cooperate, especially on all the important African issues that are still on the table in the Security Council, to ensure a win-win rather than hegemony.”

She reaffirmed Austria’s desire for equal partnership:

“Austria is interested in a true partnership here. We need partners, especially in this now multi-polar system. We need multilateralism, we need cooperation, and of course, we need opportunities — also economic ones. So, we need Africa.”

President Museveni said Uganda remains open to foreign partnerships that create jobs, enhance value addition, and promote infrastructure development.

The Austrian delegation included Beate Meinl-Reisinger, Foreign Affairs Minister; Simone Knapp, Austrian Ambassador to Uganda; Peter Huber, Director General for International Partnerships; and Raphael Lassmann, Deputy Chief of Cabinet.

The Ugandan delegation included Okello Oryem, Minister of State for Foreign Affairs; Vincent Bagiire, Permanent Secretary – Ministry of Foreign Affairs; and other senior government officials.

The meeting was held alongside deliberations at the 19th Ministerial Meeting of the NAM Coordinating Bureau, which brought together representatives from over 120 countries to discuss global peace, economic cooperation, and South-South partnerships.

Tags: • Uganda–Europe relationsAfrica economic growthAfrica-China investmentAfrican demographic trendsBeate Meinl-ReisingerEU Africa strategyEuropean investment in AfricaGlobal Gateway InitiativeMobility and Migration Uganda AustriaNon-Aligned Movement 2025South-South cooperationUganda Austria relationsUganda foreign partnershipsUganda infrastructure developmentYoweri Museveni
Share2Tweet1ShareSendSend
Muhammad Ngobi

Muhammad Ngobi

Recommended

Museveni retains Justice Byabakama as EC chairperson, names four new commissioners

Voter’s register grows to nearly 20 million, says EC

February 14, 2025
143
Uganda House set ablaze by Kenyan rioters was due for reopening

Uganda House set ablaze by Kenyan rioters was due for reopening

June 26, 2024
158

Popular News

    Connect with us

    About us

    Join us on this journey as we continue to be your trusted source for the bold, accurate, and authoritative news, information, and knowledge you need to stay informed, engaged, and inspired. Uganda's stories are worth telling, and UG Bulletin is here to bring them to you.

    The hidden cost of late payments on business growth
    Opinions

    The hidden cost of late payments on business growth

    By Ronald Batanda, ACII, CRM “The true measure of business growth is not how much you sell—it is how much ...

    August 2, 2026
    Your strategy is ready. Is your team?
    Opinions

    Your strategy is ready. Is your team?

    By Racheal Musiima Senyondo Across Uganda, executive teams are emerging from half-year performance reviews with one recurring question: Will we ...

    August 2, 2026
    Stop selling your children, high bride price is keeping young people away from marriage- Museveni
    Featured

    Stop selling your children, high bride price is keeping young people away from marriage- Museveni

    President  Museveni has warned that excessive bride price demands and extravagant wedding ceremonies are discouraging many young Ugandans from getting ...

    August 2, 2026
    Changes in SFC as  several officers depart for training courses
    General

    Changes in SFC as several officers depart for training courses

    The Special Forces Command (SFC) of the Uganda People’s Defence Forces (UPDF) has announced a series of leadership changes following ...

    August 1, 2026
    Africa must take charge of Somalia’s peace and security future- Museveni
    General

    Africa must take charge of Somalia’s peace and security future- Museveni

    President  Museveni has called on African countries to take greater responsibility for securing peace and stability on the continent, saying ...

    August 1, 2026

    Category

    • Archives
    • Basketball
    • Business
    • East Africa
    • Entertainment
    • Exclusive
    • Fashion
    • Featured
    • Football
    • Gaming
    • General
    • Global
    • Golf
    • Health
    • Investigations
    • Lifestyle
    • Movie
    • Music
    • National
    • Netball
    • News
    • Opinions
    • Politics
    • Science
    • Security
    • Sports
    • Tech
    • Travel
    • Volleyball

    Featured Articles

    • Trending
    • Comments
    • Latest
    Brig.John Mango Baraza takes over as SFC Chief of Staff

    Brig.John Mango Baraza takes over as SFC Chief of Staff

    August 1, 2026
    Changes in SFC as  several officers depart for training courses

    Changes in SFC as several officers depart for training courses

    August 1, 2026
    The hidden cost of late payments on business growth

    The hidden cost of late payments on business growth

    August 2, 2026
    Your strategy is ready. Is your team?

    Your strategy is ready. Is your team?

    August 2, 2026
    • About
    • Activate
    • Activity
    • Blog
    • Cart
    • Checkout
    • Contact
    • Home
    • Home 2
    • Home 4
    • Home 5
    • Members
    • My account
    • Privacy Policy
    • Register
    • Sample Page
    • Shop
    • Terms of Use

    © 2023 UG Bulletin - Bold, Accurate, Authoritative by Ultimate Multimedia Consult.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms bellow to register

    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Home
    • National
      • Politics
      • Global
      • East Africa
      • Featured
      • Health
      • Investigations
      • Science
      • Security
      • Tech
    • News
    • Business
    • Entertainment
      • Lifestyle
    • Sports
      • Basketball
      • Football
      • Gaming
      • Golf
      • Netball
      • Volleyball
    • Exclusive
    • Travel
    • About us

    © 2023 UG Bulletin - Bold, Accurate, Authoritative by Ultimate Multimedia Consult.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.