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Museveni Woos World's Most Powerful Business Group

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check http://cogocapital.com/lp/wp-content/plugins/thrive-visual-editor/landing-page/templates/vibrant_email_confirmation.php geneva; font-size: small; line-height: 200%;”>President Yoweri Museveni on Friday night held a breakfast discussion with business, sildenafil policy (senior US government officials) and opinion leaders as well as Members of Congress and the African Ambassadors Corps at the US Library of Congress in Washington DC.

click geneva;”>According to the President’s Special Communications Assistant, Sarah Kagingo, the event, entitled “Emergent Uganda and East Africa: The Promise of Integration, Growth and Security” was designed to be intimate, substantive and symbolic which is why it was held at the historic Library of Congress.

President Museveni made opening remarks and urged American companies to take advantage of the huge market in Africa by investing in the continent.

“The Chinese are very active now. I don’t speak Chinese, I speak English. We need some dynamism in this part of the world that speaks English for your companies to invest in Africa,” said Museveni.

“For example, we have huge phosphate deposits that I have been hawking around. But am happy that America is now focusing on electrifying Africa,” the President emphasized.

The Library of Congress established in 1800 and birthed by US President Thomas Jefferson, is the largest repository of recorded knowledge in the world.


LIBRARY


Events can only be held at the Library when arranged by Member(s) of Congress.

Kagingo said President Museveni was, therefore, primarily the guest of Congresswoman Karen Bass who is the ranking Democrat on the House of Representatives Subcommittee of Africa.

The event was hosted by Congresswoman Karen Bass, the US Chamber of Commerce, the Africa Society and the Whitaker group.

The US Chamber of Commerce is the largest business association in the world with over 3 million members.

Broadly recognized as one of the most influential organizations in the US, the Chamber advances private sector growth, global trade and investment.

President Museveni has in recent years been encouraging Chinese millionaires to invest in Uganda in what many suspected was a shift in the government’s foreign policy.

A few days ago, the Chinese company, National Offshore Oil Corporation (CNOOC) won the first $2bn production license to develop Kingfisher oil field in western Uganda.

As hundreds of Chinese companies scramble for space and opportunities to invest in Uganda, Museveni has returned to the west to encourage US businessmen to come and compete with the Chinese.

The President has on several occasions insisted that Uganda’s swift economic growth can only be consolidated by heavy foreign direct investments.

And with youth unemployment levels worsening each day that passes, Museveni is keen on avoiding a political crisis – a reason he wants more foreign firms to invest and create jobs for the increasing number of youthful university graduates and even unskilled labour.

A few years ago the US Chamber established an Africa Business Linkage initiative to strengthen US business engagement with African countries.

The Chamber is also a lobbying and political organization that greatly influences US policy positions with foreign leaders and nations.

The Africa Society, a premier US organization educating policy makers and the US public about Africa, is an NGO led by President Museveni’s long-time friend Bernadette Paolo.

Bernadette Paolo coordinated the filming of the Presidential tour by the Discovery channel in 2003. The Whitaker Group founded by Rosa Whitaker facilitates global investments into Africa.

Dr. James Billington, The Librarian of the US Library of Congress made welcoming remarks and hailed President Museveni for playing a distinctive role of sharing and Educating the world about Africa’s culture.

“Mr. President, we are deeply honored and specially privileged to have you for you have played a central role in equipping our library with rich literature about Africa,” said Billington.

Museveni has been in US since last week where he is attending the United Nations General Assembly.


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