Investment

China remains Africa’s largest trading partner for 15 consecutive years

Summary: China has been Africa’s top trading partner for 15 years, reaching a record $282.1 billion in bilateral trade in 2023. The Ministry of Commerce highlights economic and trade cooperation as crucial for China-Africa relations. China has remained Africa’s largest trading partner for 15 consecutive years, with bilateral trade reaching …

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France injects UGX3.2 trillion into Ugandan projects amid Anti Homosexuality Act

Summary: Despite the controversy surrounding Uganda’s Anti-Homosexuality Act, the French Embassy, led by Ambassador Xavier Sticker, asserts its continued commitment to funding various projects in the country. The French Development Agency is allocating Euros 800 million to projects in water, sanitation, energy, transport, urban development, and the private sector. The …

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190 investors seek Nakalema’s intervention due to extortion

Summary: Col Edith Nakalema, leading the State House Investors Protection Unit (SH-IPU), reported 189 investor complaints, with local investors citing unfair taxation, while foreign investors faced fraud and bribery issues. SH-IPU, established by President Museveni, coordinates investigations and supports a friendly dispute resolution approach. The State House Investors Protection Unit …

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Museveni affirms keenness on attracting Qatari investments

Summary: President Museveni of Uganda emphasized collaboration with Qatar during a meeting at the ‘East Africa Investment Forum.’ Discussions included the enhancement of economic ties and the attraction of Qatari investments. The forum aimed to create opportunities in trade, tourism, and investment across various sectors in Uganda. President Yoweri Kaguta …

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Uganda to host heads of 80 African Finance Institutions

Summary: A delegation of 80 African Development Finance Institutions (DFIs) will visit Kampala for a benchmarking tour on Sustainability Standards organized by the African Association of Development Finance Institutions (AADFI) in collaboration with the European Organisation for Sustainable Development. Delegations of at least 80 development finance instructions (DFIs) from Africa …

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Nankabirwa urges investors to harness Uganda’s energy potential

Summary: Minister Ruth Nankabirwa assures foreign investors in Uganda’s energy and mineral development of supportive policies. She highlights a Cabinet-approved energy strategy at the East Africa Trade and Business Investment Forum. Over 100 investors aim to finalize deals worth Shs378 billion with key Ugandan entities during the Non-Aligned Movement summit. …

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India asks African nations to focus on investments ahead of NAM

Summary: Indian officials express readiness for the NAM summit in Uganda, emphasizing the importance of strategic partnerships and urging African countries to leverage the conference for economic benefits. The officials of the Indian government have affirmed their readiness for the upcoming 19th summit of the Non-Aligned Movement (NAM) Group of …

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Museveni Launches Electronic Investors Protection Portal to Safeguard Investments

Summary: President Museveni launched the Electronic Investors Protection Portal in Uganda, a digital platform aimed at safeguarding investments, commending the initiative while addressing challenges like corruption during the ceremony at State House, Entebbe. On the 13th of December 2023, President Yoweri Kaguta Museveni inaugurated the Electronic Investors Protection Portal (EIPP), …

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Uganda Gears Up for Inaugural Presidential Investor’s Conference

Kampala, Uganda | THE BLACK EXAMINER | Uganda is set to host its first-ever Investor’s conference, known as the Presidential Investor’s Conference, with the goal of addressing challenges faced by investors in the country. Scheduled for November 29, 2023, at Kololo Independence Ground, the conference has President Museveni as the …

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