The forum is headed by Stephen Kaboyo, a financial markets expert
President Yoweri Museveni on Saturday evening at State House Entebbe approved the creation of an investment, economic and governance reforms forum composed of public and private sector members to inject fresh thinking into the functioning of government institutions, well-placed sources at the meeting have revealed.
The forum will meet the President four times a year and advise him about changes that will accelerate investment, production and productivity in the ministries of trade and export, Agriculture, the financial sector and public service.
The forum is headed by Stephen Kaboyo, a financial markets expert and is composed of Simon Rutega, Felix Okoboi, Ken Kitariko, Pradip Karia, lawyer Alex Rezida, businessman Andrew Rugasira, Kamuli district chairman Thomas Kategere, Nixon Kabuye, RDC of Kiboga, entrepreneur and businessman Odrek Rwabwogo, Timothy Jokene from Gulu Municipality, Ben Mugasha of Bemuga Logistics and Deon Haigh managing director of the US based Alliance One.
"For Uganda's economy to continue growing, our country has to look beyond the traditional sources of financing of public projects, increase the rate at which we attract private equity funds into our economy so that businesses of young people can find funds and also improve our governance systems," Kaboyo told the President.
During the meeting, the team made proposals on the handling of domestic arrears and the toxic assets of the banks that have been distressed.
Haigh pledged that he would help along with other large agricultural based anchor companies, support government with extension officials training, credit delivery systems to small scale farmers, and introduce traceability technology tools to build a data base of farmers, using his company's model in West Nile and Bunyoro.
Museveni promised to launch the forum in May 2017.