President Yoweri Museveni will this Friday, October 6 host investors from all over the world for the Uganda’s Giants Club Conservation and tourism investment forum.
The forum which will be held at the Lake Victoria Serena Resort, Kigo will give private investors an opportunity to pursue conservation-friendly investment opportunities available in Uganda’s protected areas.
While addressing the media at Uganda media center on Tuesday, the Minister of Tourism, Wildlife And Antiquities Ephraim Kamuntu, noted that tourism in Uganda holds a top economic spot providing over 10% of the national GDP and 23% of exports foreign exchange income.
“We are honored as a country to be hosting this investment forum, which is a unique opportunity to harness the financial muscle of the world’s leading hotel and lodges operators, as well as the other responsible businesses, to raise vital funds to support and protect Uganda’s wildlife,” Kamuntu said.
The event which is being organised by the Giants Club of which Museveni is a founding member in partnership with the United Nations Development Programme and the African Wildlife Foundation will be attended by ministers and officials from relevant government ministries, department and agencies and the private sector.
It is aimed at building strong partnerships between public and private sector to deliver sustainable revenue for conservation, while contributing to the development of the country and increasing opportunities for visitor exposure to Uganda’s a spectacular natural heritage.
Speaking at the same event, the Executive director Uganda tourism board Steven Asiimwe, said that Uganda Tourism Board under the ministry of tourism will be working hand in hand a with conservation-compatible enterprises from all over the world to secure the long term preservation of the country’s protected areas and its wildlife for future generation.
“We therefore believe this forum will attract leading names, brands and investors into Uganda’s promising economy to bolster the country’s marketing and promotions. Through this, the areas mostly surrounding the national parks and game reserves will benefit from the increased number of jobs and foreign exchange,” Asiimwe said.
Among issues to discuss, the forum with bring to market an exclusive initial offering of investment ready sites, launch a public private partnership in protected areas management, present series of incentives to support investments in this areas and also bring together noncommercial investors, government and other stakeholders to created meaningful partnership and to develop new businesses models that will support conservation management in protected areas.