Museveni tips the UAE business community on great investment opportunities.

In Summary

“Uganda and Africa in general are like a gold mine and we are just at the
entrance of the mine. You the business people need to take advantage of
these opportunities.”

President Museveni addressing the UAE Business community
President Museveni addressing the UAE Business community
Image: PPU

President Yoweri Museveni has appealed to the United Arab Emirates (UAE) business community to come and invest in Uganda and take advantage of the many untapped opportunities available in the country. Addressing the UAE-Uganda Presidential Initiative on Investment Summit in the UAE capital Abu Dhabi, President Museveni told the participants that although Uganda’s economy is growing at 6% per annum; the economy has great potential to grow faster.

The President described Uganda and the African continent as a gold mine with many untapped business and investment opportunities that he encouraged the United Arab Emirates investors to take advantage of.

PRESIDENT MUSEVENI REMARKS AT ROUND-TABLE-BUSINESS-SUMMIT-REMARKS-H.E
PRESIDENT MUSEVENI REMARKS AT ROUND-TABLE-BUSINESS-SUMMIT-REMARKS-H.E
Image: ppu

Gen. Museveni briefed the investors about the economic history of Uganda and noted that although the National Resistance Movement government inherited a largely collapsed economy when it got into power, the NRM has managed to take the country’s economy through the phases of economic recovery, expanded, diversified and transformed the economy both quantitatively and qualitatively.

He added that the expansion saw the already existing economic sectors of the economy increase their volumes of production, diversification saw the emergency of new sectors while transformation was characterized by value addition to the country’s produce and the production of the products of knowledge through science, technology and innovation.