Barclays Bank Boss Meets M7


medical geneva; font-size: small;”>During the meeting that took place yesterday at State House, ask Entebbe, Museveni welcomed Mr. Sikellin to Uganda and urged Barclays Bank Chief Executive to explore ways and means of investing in the agro-processing sector in the country.

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“That is where there is a gap. There is a lot of potential in Africa. For the case of Uganda, the economy is growing despite inadequate electricity. But since that problem is being solved, our economic growth rate will go beyond 11%”, the President assured his guest.

The President further told his guest that Uganda’s current impressive growth rate is only in non-manufacturing sectors like housing.

He urged the Chief Executive of the 320-year old banking institution which operates in 50 countries world-wide, that the bank should invest more in Uganda’s agro-processing sector, textiles manufacturing and roasting of coffee that he said would not only add value to the products but also secure employment opportunities to more Ugandans.

Security Minister Muruli Mukasa, State Minister for Planning Matia Kasaija and Managing Director of Barclays Bank (Uganda), Charles Ongwae, attended the meeting.

Museveni has of late been encouraging investors across the world to come and invest in Uganda. At times he has given out free land to foreign investors in a bid to boost Uganda’s industrial sector.


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