Uganda and Italy sign a development cooperation agreement as Museveni courts Italian investors

Riccardo Guariglia, Secretary-General of Italy's Foreign Affairs Ministry, and Finance Minister Henry Musasizi signed a bilateral Development Cooperation Agreement at State House, Entebbe, on 7 November, at a meeting attended by more than 80 Italian officials, investors, business representatives and development partners. New Vision reports that Italy has mobilised €120 million for Uganda's coffee sector, with €60 million as the first instalment. President Museveni urged partnerships in coffee processing, mineral beneficiation and electric vehicle battery manufacturing.

Why it matters

Museveni said Uganda earns slightly over $2 per kilogram of exported coffee against about $40 for processed coffee in Europe, which is the value gap the coffee funding and partnerships are aimed at.

Source: New Vision · 8 November 2026

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