Uganda Today: Currently the East African Community is comprised of 7 nations namely, Uganda, Kenya, Tanzania, Rwanda, Burundi, Southern Sudan and the Democratic Republic of Congo (DRC). Somalia and Ethiopia are a step into the association that prides itself of a formidable market of over 150m people.
Now that Uganda has exhibited this unprecedented conducive environment and incentives that has enabled the country’s Investment body Uganda Investment Authority (UIA) to beat the rest of East African countries to scoop the prestigious golden award as the best investment destination in the East African region, the government should fight tooth and nail to eliminate the vice of corruption that has bedeviled the pearl of Africa for international investment.
UGANDA WINS GOLD IN ABU DHABI- UAE.
Monday May 08, 2023 evening, Uganda was recognised and awarded as the best investment destination in East Africa at the Annual Investment Meeting (AIM) 2023 in Abu Dhabi -UAE. AIM is the world’s leading investment platform. The Uganda delegation led by Ambassador Zaake Kibedi included Uganda Investment Authority, Uganda Export Promotions Board, Uganda Free Zone Authority and Uganda Wildlife Authority.
Uganda is the destination for Tourism and Investment
𝐔𝐠𝐚𝐧𝐝𝐚 Wins FDI 𝐃𝐞𝐬𝐭𝐢𝐧𝐚𝐭𝐢𝐨𝐧 𝐀𝐰𝐚𝐫𝐝 𝐢𝐧 𝐀𝐛𝐮-𝐃𝐡𝐚𝐛𝐢
The Republic of Uganda’s investment authority was on Monday named the ‘Best FDI Project in the East Africa Community Region’ at the 12th edition of the Annual Investment Awards (AIM Global 2023) ceremony held in Abu Dhabi.
The Uganda Investment Authority (UIA), which is the agency mandated to promote investment opportunities in the country, was hailed for its work in efficiently facilitating foreign investment in a new multi-million dollar mineral processing project.
A total of 170 countries are participating in the meeting that runs from 8th -10th May 2023, including top executives, decision makers, senior corporate leaders, government officials, and civil society representatives. It seeks to help identify untapped business opportunities and promote mutually beneficial cooperation.
The award was accepted by UIA’s Director-General, Robert Mukiza, who in his acknowledgement speech said: “Thank you for the award which I accept on behalf Uganda and H. E. President Yoweri Museveni. I encourage you to continue to choose Uganda as your preferred investment destination.”
He told delegates: “I would like to stress the importance of the UAE to Uganda. The challenges we are confronted with are the same: energy transition and climate change. UAE is a mature Oil & Gas producer; Uganda is an emerging Oil Producer. UAE is in a desert; Uganda is in a tropical environment and one of the most bio diverse countries in the world. Yet we are all confronting the issue of energy transition albeit at different levels of development and climate scenarios.
“Therefore, in the spirit of working together, we want you to count on us in pursuit of this common agenda of energy security and responsible transition. Our investments need to embrace this reality. We look forward to walking this journey together where we shall confront the climate change issues for Africa and the world as partners.”
The AIM is taking place for the first time in the United Arab Emirate’s capital city, Abu Dhabi, under the theme “The Investment Paradigm Shift: Future Investment Opportunities to Foster Sustainable Economic Growth, Diversity and Prosperity.”
It is highlighting five key pillars – startups, foreign direct investment, small and medium enterprises, future cities, and foreign portfolio investments – which are all aimed at stimulating local and international economic growth.
In his remarks at the event, Dawood Al Shezawi, the Annual Investment Meeting’s chairman, said: “We look forward to sharing our vision for the future and exploring new partnerships that will help drive global economic growth.”