Strengthening Economic Ties: Highlights from the 13th UK-Uganda Trade Convention

The annual bilateral trade summit is the biggest East African focused event in the UK, for accessing trade, business and investment opportunities in Uganda.

This time, the focus was to further cement greater economic ties between UK and Uganda, with government officials, prominent industrialists, and investors delving into reinforcing economic relationships between the two sister countries.

The convention at Blue Orchid Hotels, London, also discussed new business deals and investment in bankable projects, in a bid to ulocking Uganda’s trade, investment and export potential.

To begin with, Deputy Speaker of the Parliament of Uganda, Rt. Hon. Thomas Tayebwa, assured industrialists and potential investors of Uganda’s prevailing peace and stability, calling upon them to set up ventures in the East African country.

In her words, the 1st Deputy Prime Minister & Minister for East African Community Affairs, Rt. Hon. Rebecca Kadaga, said there are vast investment opportunities in Uganda, and within the East African Community. She disclosed the conducive conditions, including freedom and rights under the common market protocol.

Rt. Hon. Kadaga also stated the opportunities arising from transboundary resources of the Kikagati-Murongo hydropower project, as well as, Rusumo hydropower station on River Kagera, on top of improved road infrastructure in the region.

Generally, the High Commissioner of Uganda to UK & Northern Ireland, H.E. Nimisha Madhvani, Director Lagan Dott Namanve Limited, Gerry Cawley, Manager Colas (UK Infrastructure contractor), Lars Jensen, emphasised the creation of an avenue for finding market, knowledge, skills and new investment opportunities for the two sister countries. They noted that this will unlock Uganda’s trade, investment and export potential, hence boosting economic development.

Commissioner General of URA, Mr. John Musinguzi, mentioned that the UK-Uganda Convention has been a great platform to showcase Uganda’s potential, as a trade and investment destination.

He shared Uganda’s tax policies and incentives that support investors in various sectors, such as manufacturing, tourism, agriculture, energy, ICT, and oil and gas.

Managing Director of Housing Finance Bank, Michael Mugabi, elaborated the bank’s vast suite of financial products and services, that can open doors for Ugandans to confidently invest back home.

He advised Ugandans in the Diaspora regardigng the real estate investment, saying it’s a good venture, but there is need to make enough reserarch, especially with the bank, in order to guarantee a return on investment.

Representatives from MTN, including Senior Manager of Bank Technology, Dennis Musinguzi, & Manager International Remittances, Fatumah Shamim Kavuma, were on ground and engaged with attendees on a wide range of their international products, as well as our other solutions.

Notably, attendees firmly stated that many of Ugandans in the diaspora share a common goal, which is to invest back home, asking the relevant authorities to put in place favourable policies. Ugandans in UK were able to receive consular services, such as document attestation, dual nationality certificate, and national identity card registration.

The 13th UK-Uganda Trade Convention registered tremendous success, and also had in attendance the Minister for Gender, Labour & Social Development, Hon. Amongi Betty, among other attendees.

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