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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The Minister of Energy and Mineral Development, Ruth Nankabirwa, has provided assurance to prospective foreign investors interested in the energy and mineral development sector in Uganda. She guaranteed the availability of necessary policies and supportive legislations for their investment endeavors.

During her address at the ongoing East Africa Trade and Business Investment Forum at Serena Hotel in Kampala, Minister Nankabirwa discussed the recently approved energy strategy by the Cabinet, aimed at enhancing the country’s energy resources, among other objectives.

The forum is part of the ongoing Non-Aligned Movement (NAM) summit, and President Museveni is expected to grace the event. This gathering brings together diverse business communities from NAM countries, anticipating the participation of over 100 investors. They are poised to finalize investment agreements totaling Shs378 billion with key entities such as the Uganda Investment Authority, Private Sector Foundation of Uganda, and the Uganda Chambers of Commerce and Industry.

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