The investment is expected to increase local dairy production, create jobs and stimulate economic activities in Ogun West.
According to Museveni, the project will strengthen Uganda’s dairy sector, promote value addition and create opportunities for farmers.
The CEO affirmed that the US-Iran conflict will not impact the company’s exports in the region.
The blended financing combines €2.5 million in grant funding with €10 million in equity investment.
With the expansion, FrieslandCampina is responding to the growing demand for butter products for professional use and for consumers.