Italian Companies May Invest $27 Million in Uganda Facility

Amama Mbabazi

It seems Uganda Prime Minister Amama Mbabazi’s official tour to Italy last year — in which he was courting several Italian companies for business investments — may well pay off.

Italy’s Euro Techno Group has announced plans to build a coffee processing facility in Uganda at a cost of 20 million Euros (approximately $27 million USD), according to a recent All Africa report. The facility would represent a joint venture with Italian coffee roasting company Palombini Espresso, which has recently entered the pod market.

Euro Techno Group President Luca Anghinelli also told Mbabazi that in order for the investment to remain viable, the facility would have to process 100,000 tons of coffee per day, even if that means processing beans from other countries.

The full story: All Africa