The Government Chief Whip, Denis Hamson Obua, on Friday closed the 13th UK-Uganda Investment and Trade Summit in London with an emphatic enumeration of bankable benefits of investing in Uganda.
Obua told the participants at the event that Uganda is open to trade and investments and the Government is executing deliberate plans to incentivize the establishment and operation of large-scale, medium and small scale businesses in the country.
“On behalf of Government of the Republic of Uganda, and more especially the torch bearer and chief mobilizer of trade and investment in our country, H.E Yoweri Museveni, I cordially welcome you to invest, trade and make good money in Uganda,” said Obua.
The 13th UK-Uganda Investment and Trade Summit under the theme: Unlocking Uganda’s Trade, Investment and Export Potential”- focused on the 8 areas of oil, gas and minerals, agriculture, infrastructure, manufacturing, renewable energy, ICT and financial service and service industry.
The Government Chief Whip assured the investors of the favourable climatic conditions of doing business in Uganda.
“By investing in Uganda, I can give you assurance of a stable political environment, favourable investment policies and laws, a guaranteed return on investment and a supportive National Development III among others, courtesy of the NRM Government under the wise stewardship of President Museveni,” said Obua.
Some of the Government interventions to attract investments and boost exports, as enumerated by Obua, included the establishment of agencies like Export Promotion Board, Uganda Free Zones Authority, Uganda Development Cooperation among others.
Government is also setting up trade hubs in European countries through the presidential Advisory Committee on Exports and Industrial Development (PACEID) and also negotiating market access through bilateral trade agreements.