By: Michael Mugerwa
The Prime Minister Rt. Hon. Robinah Nabbanja hosted a delegation of investors from Italy, who are in the country to explore available business opportunities. They are scheduled to hold discussions with respective government officials and Ugandan business partners. The meeting took place at the office of the Prime Minister in Kampala.
The eleven man Italian delegation led by Uganda’s Ambassador to Italy Paula Napayok, presented a cross section of investment enterprises. These included areas agriculture, health, industry, construction, water and energy.
The Premier appreciated the diverse investment sectors chosen by the investors. She said most of these investment portfolios listed, will facilitate Uganda’s much cherished Parish Development Model. ‘You have made a right choice where to put your money, make profits, employ people and all of us benefit’, she said.
She added that government was investing heavily in improving infrastructure such as roads and building power stations to ensure reliable supply of electricity at affordable tariffs. She also informed the delegation about Uganda’s security situation. ‘Like any other part of the world, there has been isolated incidences of terrorism in the recent past’, she noted.
Nabbanja also encouraged the visiting delegation to go out to the field to see for themselves, the available opportunities and enjoy Uganda’s natural beauty. The Italian delegation presented their respective areas of investment to the Prime Minister. They pledged their commitment to invest in Uganda given the conducive investment environment.
The State Minister for International relations, Hon. Okello Oryem said peace and security have enabled continued local and foreign investments in Uganda. He said investors need to build local capacity with skills, pay taxes and fulfil cooperate social responsibility.
The Second Deputy Prime Minister, Retired General Moses Ali and the Minister for Works and Transport General Katumba Wamala also attended the meeting.
In a related development, the Prime Minister also received a draft copy of the Presidential Advisory Committee on the Budget(PACOB) for Financial Year 2022/2023. She congratulated members for the timely completion of the task.
PACOB is a key component in budgeting and planning process that aligns budgets and plans to the NRM Manifesto. The Prime Minister said the recommendations of this report should be reflected in the work plans of Ministries, Departments and Agencies of Government. END