S Korean prez to promote trade in Uganda

Kampala / AFP

South Korea’s president arrived in Uganda, the second leg of her Africa tour during which she is promoting business and trade opportunities.
President Park Geun-hye was welcomed at Uganda’s Entebbe International Airport by Foreign Affairs Minister Sam Kutesa. This is the first visit by a South Korean president since the two countries established diplomatic ties in 1963.
Park arrived from Ethiopia, where she addressed the African Union, and will also be visiting Kenya on Monday.
Uganda desperately needs foreign investors to industrialize its economy. President Yoweri Museveni has been targeting Asian countries such as China and South Korea as possible investors in sectors that include mining and agricultural processing.
In an opinion piece published in Uganda’s New Vision newspaper on the eve of her arrival, Park said she “intends to further reinforce mutually beneficial economic cooperation” between Uganda and South Korea.
“Based on its own experience, the Korean government is well aware that bold investments in infrastructure construction provide a solid foundation for strengthening economic fundamentals,” she wrote. “Also, Korean companies have diverse experiences in infrastructure construction as well as advanced technological expertise. I hope the know-how Korea has accumulated so far will be able to contribute to economic development in Uganda.”