President Museveni yesterday met and welcomed Egyptian investors to explore opportunities in Uganda, saying the
country is ready to work with those bringing practical solutions and investments that can spur more development.
Museveni is in Cairo, Egypt on a three-day working state visit at the invitation of his host and counterpart, Abdel Fattah El-Sisi.
After being received at Cairo International Airport on Monday 11th, August 2025, he proceeded to Al-Qubbah Palace where he met various groups of Egyptian investors led by Mohamed El- Hamzawi.
First to meet the President were Tamer Shafik and Gamal Farid of Orascom Construction, one of the largest construction companies in Africa and the Middle East. They presented proposals to ease traffic congestion in Kampala through modern transport systems, including light rail, elevated mono-rail, and underground metro lines.
Recalling his first visit to Cairo in 1969, President Museveni said he was familiar with the challenge of heavy traffic and appreciated the solutions being proposed.
“You are most welcome. Come to Uganda and we will discuss,” he told the delegation.
“We are losing a lot of money in fuel in traffic without moving and poisoning the environment. The impact is not good, damaging the roads,” Museveni added.
Moustafa El Gendy, Vice President and Chief Advisor to the President of the Pan-African Parliament, and president of Eugenie Investment Group for Tourism and Cruises, shared details of Egypt’s travellers’ insurance system.
Under the plan, he said that an Egyptian travelling abroad pays a one-time fee that covers them for ten years the lifespan of their passport in case of accidents, sickness, or repatriation needs, noting that this is an idea he would like to bring to Uganda.
“This is a very good idea. Come and meet the Foreign Affairs Ministry and make your proposal,” he said.
Prof. Dr. Ashraf Mansour, prime founder and chairman of the Board of Trustees of the German University in Cairo, expressed interest in establishing a joint public university to serve Uganda, Kenya, and Tanzania.
Museveni said it was a good idea, and they would look into it.
The president also met Mohamed Mohamed Khalil El-Tahan, chairman of El-Tahan International Food Industries, who praised Uganda as the safest country in East Africa.
He said his company, which produces cheese in Mbarara for export to the Middle East, Europe, and the USA, was interested in returning to expand operations and introduce new hot cheese products.
He also proposed developing an agricultural and industrial city.
Museveni responded,” You come, I will give you land near Mbarara, we shall be waiting for you.”
