Museveni woos S. Africa investors
Oct 20, 2006
PRESIDENT Yoweri museveni has invited South African investors to help transform Uganda from a third world peasant society to a first world industrial society.<br>The transition would lead to the expiry of peasantry society and catapult Uganda into new light.
By Vision Reporter
PRESIDENT Yoweri museveni has invited South African investors to help transform Uganda from a third world peasant society to a first world industrial society.
The transition would lead to the expiry of peasantry society and catapult Uganda into new light.
A statement from State House said Museveni assured investors that the government would soon end all their frustrations as appropriate interventions are addressed.
Museveni was recently meeting the South African Chief Executive Officers (CEOs) of business concerns and other potential investors at the Sandton Convention Centre in Johannesburg.
In order to achieve the transition, Museveni said, the country needed to broaden the minimum economic recovery from the 180,000 registered companies that are mainly low investment, low technology and high return enterprises to medium and large scale investment.
He said the interventions were in the form of free serviced land or with low rent, low taxes or tax holidays, faster licensing and ready feasibility studies.
The statement said Museveni promised more electricity to boost investment.
He invited them to invest in the textile, mining, fruit processing, abattoir, power generation, floriculture, wood, fisheries and information communication technology industries.
Museveni told the CEOs of the success achieved in petroleum exploration and commended Ugandan geo-scientists for attracting petroleum drilling and production companies from America, Europe and Australia.
The chairman of Coca-Cola SABCO, Phillip Gutsche and MTN vice-president talked about their experiences in Uganda and the potential awaiting able investors.
Ends
PRESIDENT Yoweri museveni has invited South African investors to help transform Uganda from a third world peasant society to a first world industrial society.
The transition would lead to the expiry of peasantry society and catapult Uganda into new light.
A statement from State House said Museveni assured investors that the government would soon end all their frustrations as appropriate interventions are addressed.
Museveni was recently meeting the South African Chief Executive Officers (CEOs) of business concerns and other potential investors at the Sandton Convention Centre in Johannesburg.
In order to achieve the transition, Museveni said, the country needed to broaden the minimum economic recovery from the 180,000 registered companies that are mainly low investment, low technology and high return enterprises to medium and large scale investment.
He said the interventions were in the form of free serviced land or with low rent, low taxes or tax holidays, faster licensing and ready feasibility studies.
The statement said Museveni promised more electricity to boost investment.
He invited them to invest in the textile, mining, fruit processing, abattoir, power generation, floriculture, wood, fisheries and information communication technology industries.
Museveni told the CEOs of the success achieved in petroleum exploration and commended Ugandan geo-scientists for attracting petroleum drilling and production companies from America, Europe and Australia.
The chairman of Coca-Cola SABCO, Phillip Gutsche and MTN vice-president talked about their experiences in Uganda and the potential awaiting able investors.
Ends