PM Rugunda hands over Ambassador Alintuma’s award as Ambassador of the year to Ambassador Nyirikindi who received it on his behalf,as Hon Amelia cheers on during the Presidents Export Awards on Thursday(Photo
“We have prioritised infrastructure development by investing in energy, railway and road network. We are also promoting tourism, strengthening supervision to improve efficiencies in the running of government, addressing strategic bottlenecks that affect our productivity such as corruption among others as we focus on human capital development and strategic support for the private sector in order to invest in this growing sector,” the President said.
He however noted that there are still bottlenecks which need to be addressed if Uganda is to develop faster. The bottlenecks mentioned included inadequate human capital development, undeveloped infrastructure, inefficient small markets, and low contribution of manufacturing to the national economy, underdevelopment of the service sector and the subsistence nature of Agriculture.
The President also noted that the bottle necks can only be overcome if the country develops its financial services sector to bring more Ugandans on board and mobilize savings.
Mr. Museveni also commended the Ministry of Trade and Industry and Uganda Export Promotion Board for organising the event aimed at revamping the export sector in the nation.
The Minister of Trade and Industry, Amelia Kyambadde said the government has enhanced the export sector and industry through the National Development Export Strategy which aims at promoting establishment of industries, improvement of trade infrastructure through bodies like UNBS that ensures standards and quality in addition to availing market intelligence to the Small and Medium Enterprises(SMEs) among others.
Kyambadde urged the exporters to work with the government in reducing the current trade deficit.
The Executive Director of Uganda Export Promotion Board, Elly Twineyo Kamugisha stressed the need to boost local production as well as producing for the export market.
“We need to produce for the export market if we are to grow like other economies, however we need the cover the aspects of quality and quantity of the commodity on the market,” Mr Kamugasha said.
Roofings Group Limited won the Exporter of the year award while Ambassador Alintuma Nsambu won the Ambassador of the year award.