Uganda Courts US Investors at Washington Forum

A significant investment forum between Uganda and the United States was recently held at the Ritz-Carlton Hotel in Washington, D.C. The event served as a platform to showcase investment prospects and foster economic partnerships between the two nations.

Minister of State for General Duties, Henry Musasizi, addressed the forum, expressing enthusiasm for discussing business, investment, and opportunities for mutual prosperity. He outlined Uganda’s ambitious goal of a tenfold economic expansion by 2040, targeting a GDP of $500 billion.

Musasizi emphasized Uganda’s need for partners in trade, tourism, and technological advancement to realize this strategic objective. He pointed to the country’s vast opportunities across agro-industrialization, tourism, minerals, the extractive sector, science and technology, and infrastructure development.

Dr. Ramathan Ggoobi, Permanent Secretary and Secretary to the Treasury, presented a compelling case for Uganda as an prime investment destination. He highlighted Uganda’s ranking as the best investment location in Africa, noting its low macro-economic risk coupled with high returns on investment. Ggoobi also cited the country’s peace, favorable tax policies, efficient administration of justice, and excellent climate as key attractors.

Attorney General Kiryowa Kiwanuka affirmed that Uganda is an open and conducive environment for business and investment.

Source: https://ugandainvest.go.ug/uganda-united-states-investment-forum