I have met the Ugandan diaspora and business community in Texas, and urged Americans to invest in Uganda especially in manufacturing and infrastructural development. For a long time, the people in the West have been taking it easy because they were the only developed ones. However, countries such as China, Brazil and India are coming up and now the west has to learn to compete. I have, once again, directed Ambassadors to ensure that investors and Ugandans abroad have the right information to make informed decisions about investing in Uganda.Some diplomats think that drinking champagne is their only assignment. Im telling them that they can drink the champagne but most of all promote Uganda. I have also guided Ugandas Investment Authority to become one-stop centre in order to provide more detailed information on Uganda. Uganda is well positioned in the region and is endowed with natural resources. With preferential terms for our products in the USA and Europe which are tarrif and quota free, investing in Uganda guarantees access to regional and global markets. The middle class in Africa is growing, the consumer base is also growing. However, there is a short supply of entrepreneurs.
Posted on: Sun, 21 Sep 2014 13:56:16 +0000