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September 16, 2019By Our Reporter
The Vice President Edward Kiwanuka Ssekandi has said that the transformation of any society depends on its Government physical policies, the contribution by its private sector and the quality of its population to drive the development of any country.
Ssekandi who was addressing Ugandans and business persons at the 9thAnnual UK-Uganda Convention in London yesterday said that the NRM administration cherishes the contribution of the private sector and foreign investment which he said are critical to the country’s transformation.
He said that the country has endeavoured to ensure a stable, safe and conducive business environment by instituting appropriate policies and putting in place physical infrastructure to ease the doing of business in Uganda.
He said that Uganda is not only located in the heart of Africa, but has also positioned itself as a regional hub for business and management sourcing and assured the intending investors of security for their investment including first arrival privileges including tax exemptions.
Ssekandi urged Ugandans in diaspora to invest back at home saying it will be easy for them to access markets in the countries where they are since they are also aware of the dynamics and standards of the economics where they are residing as compared to Ugandans back at home.
The Ugandan borne British legislator Lord Dolar Popat speaking during the same event held at London Hilton Hotel said that Uganda standards a better opportunity given the number of its citizens in the various British institutions and agencies of Government to build a strong relationship.
He said several Ugandans of Indian origin occupy high positions in British Government which Uganda should use to articulate its interests especially in technology, science research, trade and investment and urged the Government of Uganda to provide more platforms for interaction.
He also noted the UK is forming new alliances as it prepares to exit the European Union adding that Uganda with its historical links to the UK alongside other commonwealth countries stand a better chance to enhance stronger trading and investment relation with the United Kingdom.
Lord Popat commended Uganda for re-establishing a national carrier saying it will go a long way in filling the void created by British Airways when it ended London – Entebbe flights saying the route once operationalised will bring the two countries even closer.
The Minister for Energy Irene Muloni told the convention that Uganda has scaled several strides in achieving sustainable and reliable power for both domestic and industrialisation and invited European companies to invest in Uganda saying the country has a predictable investment environment.
She said there are several opportunities in oil and gas and Government was willing to work with entities in partnerships or outright concessions for those that would like to participate and commended Colas, the British undertaking construction of Hoima airport and invited more British companies to follow.
The convention attended by several Ugandans working and living in the UK and Europe, academicians, business persons was also addressed by Kampala City authority Minister Betty Kamya and several leaders from Uganda Government and private sector agencies.
