Minister of State for Privatisation and Investment, Hon. Evelyn Anite, will lead a delegation of Ugandan business leaders to the 14th UK-Uganda Trade and Investment Summit in London, United Kingdom. This annual event, scheduled for Friday, September 6, 2024, at the Mayfair hotel, aims to accelerate growth through partnerships for global market expansion.
The summit, chaired by Willy Mutenza, focuses on fostering economic collaboration between East African and British businesses. This year’s agenda aims to expand investments, boost exports, and engage target markets in key sectors such as ICT, finance, real estate, tourism, energy, and agriculture. Additionally, there will be discussions on infrastructure, manufacturing, renewable energy, and health.
Anite’s leadership at the summit underscores the government’s commitment to enhancing investor confidence and promoting Uganda as a secure and attractive investment destination. Since its establishment in 2010, the UK-Uganda Trade Summit has played a pivotal role in promoting economic empowerment and sustainable development across East Africa.
Anite, a staunch supporter of the summit since its inception, plans to address potential investors on numerous investment opportunities in Uganda. She will participate in various sessions and panels to attract significant foreign direct investment and forge sustainable partnerships between Ugandan and UK businesses.
Investing in Uganda offers high growth potential, strategic advantages, and supportive government policies, according to Anite. The country’s robust economic growth, averaging around 6% annually over the past decade, is mainly driven by agriculture and manufacturing. Additionally, Uganda’s strategic location in East Africa, rich natural resources, and growing consumer market make it an attractive destination for investors.
Mutenza highlights Uganda’s political stability, conducive business environment, and incentives for investors, including tax holidays, duty-free import of plant and machinery, and free zones for export-oriented industries. Moreover, infrastructure development projects are improving connectivity and reducing logistical costs, further enhancing the investment climate.
Lord Popat, the UK Prime Minister’s Trade Envoy to Uganda, Rwanda, and the DRC, along with other organizations, supports the summit. The Department of International Trade (DIT), the Ugandan government, the East African Business Summit, and the India Overseas Trust (IOT) are among the key stakeholders contributing to the success of the event.
