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Uganda Report
Marcopolis presents the Uganda Report focused on topics such as economy, investments and doing business, featuring interviews with Uganda's leaders. The sectors under review in this issue are agriculture & agribusiness, health & pharma, hospitality & tourism, industry, insurance, mining & petroleum, services and many more.
VideosMarch 18, 2020
Discussing Partnership Opportunities with Ismael Isabirye of Musita Investments Ltd
- Written by Sandra Francisco
- Published: March 18, 2020
Ismael Isabirye, Managing Director at Musita Investments Ltd, discusses partnership opportunities and shares his vision for Musita to become the leading logistics services provider in Uganda and the region.
"Our reach outside the region is focused on finding financial partners to work with. So far, we have found partners in China, India, South Africa and we are exploring further into those countries. We are interested in investors. We have some floating shares as a company. We want to bring in someone with whom we can share the principles and values of the company. We want new ideas and fresh minds that come with a partner and we welcome them. Someone that partners with us needs to have confidence. Uganda has 6.5 billion barrels of oil which means a lot to someone who has partnered with us. We will still have business from this for more than 40 years to come in freight, moving machinery, transporting equipment, oil in and out of the country. This is a landlocked country and we need to transport that oil from here to Kenya and Tanzania. This comes along with high tech equipment. As a landlocked country, it is always hard for us to get such equipment", says Ismael Isabirye.
"Our vision from now to the next ten years is to be the leading logistics services providing company in the region. We are aiming for that by widening our partnership base to the players in the industry, especially manufacturers all over the world. 80% of products in Uganda are imported. We are also involved in broadening our base with shipping lines in the industry that ship containers to access ports all over the world and our own ports in Mombasa and Dar Es Salaam. We want to increase our own fleet and also attain the status of an Authorized Economic Operator globally. That status facilitates trade which comes with many benefits that are given to tax compliant logistics companies and importers. Some of those benefits include being entitled to first clearance procedures, you can choose where to have cargo inspection done, and you are licensed to work for three years. By attaining that status, we are guaranteed to fulfill our vision of being the leading logistics company in the region. The government is also embracing partnership all over the world. We will soon join the African Continental Free Trade Area whereby our market will join with those in the African continent. It will widen the market base for us as logisticians as we are the backbone of the economy. We need to transport goods from A to B. Without us, nothing can move", he adds.
CONTACT - MUSITA INVESTMENTS LTD
WEBSITE: https://musitaltd.com
ADDRESS: Plot 122, Spring Road - Bugolobi, Second Floor, Room No. 33, Krish Mall, PO Box 36564, Kampala, Uganda
PHONE NUMBER: (+256) 392 879 670
EMAIL: This email address is being protected from spambots. You need JavaScript enabled to view it.
MORE CONTENT
INTERVIEW:
• Transport and Logistics in Uganda: Musita Investments, A One Stop Logistics Activities Center
VIDEOS:
• Musita Investments Ltd in Uganda: Providing all the Logistics Activities from A to Z
• Discussing Partnership Opportunities with Ismael Isabirye of Musita Investments Ltd
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