{UAH} BUSINESS AS USUAL: MAKES ME WONDER IF BESIGYE WAS PREPARED ENUFF FOR PRESIDENT
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NEWS
POSTED 21 HOURS AGO
FULL SPEECH: Uganda most impressive investment destination today- Museveni
President Museveni consults with Minister for Trade and Industry Ms Amelia Anne Kyambadde. PPU photo.Uganda is the right place to go as far as investments are concerned, president Museveni has said.
Mr Museveni who is in Germany's capital Berlin for a two-day working visit to boost trade and investment opportunities was delivering a key note speech during the German-Africa Business Day at Hotel Ellington, Executive wing Berlin.
"Uganda's economy, for instance, has been growing at the rate of 6.6% for the last twenty years in spite of lack of electricity, high transport costs on account of poor roads, an antiquated railway system, costly money from commercial banks, etc. In the case of Uganda, we are solving these bottlenecks. Each year we are investing the equivalent of US$ 900 million of our money in electricity generation and distribution. We shall never ever have an electricity deficit again," Mr Museveni said.
The German-African Business Day is a high level German entrepreneurial investment summit meant to harness Africa's enormous economic potential and opportunities for the benefit and development of the African people.
It also recognizes that African markets are becoming ever more important for Germany.
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