VP Invites Nordic states to Invest in Uganda

Edward Ssekandi (Centre) with Nordic Business executives

Vice President Edward Kiwanuka Ssekandi has called on Nordic companies to invest in Uganda saying the country is a gateway to a big market in East Africa and COMESA.

The Vice President, sildenafil  who was opening the Nordic-East Africa Trade Summit & Expo in Kampala. told investors that Uganda was peaceful and ideal for any investment with sure returns.

In attendance were business leaders from East Africa, and their counterparts from Denmark, Sweden, Norway, Finland and Iceland.

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He said that the government was ready to provide all the support they will need in the short run to settle down for business.

Ssekandi reiterated commitment to the provision of a conducive, secure and competitive investment environment in the region.

The Vice President with the Nordic Group

The Vice President with the Nordic Group

The Vice President told the Nordic group that Uganda’s economy has been growing at a rate of 6.5% for the last 29 years since the NRM took charge in 1986 adding that priority sectors that have facilitated this growth include infrastructure development, energy, agro-processing, industries, tourism and ICT.

Ssekandi commended the diligent and hard work of Uganda’s mission team in Stockholm and Ambassador Wanume Kibedi for their commitment towards fulfilling the pledge they made to bring many potential investors in keys strategic sectors to Uganda when Vice President visited Europe early this year.

He also thanked the people from Norway, Denmark, Finland, Sweden and Iceland for accepting to come, saying Uganda is a well-placed business choice with a variety of natural endowments.

Uganda’s Ambassador to the Nordics, Wanume Kibedi said that Government has approved 39 business investment reforms saying that this has propelled Uganda’s ranking to 10th by the World Group Investment Club.

He said that the Copenhagen mission is prioritizing commercial diplomacy targeting the majority of Ugandans who are the youth linking them to foreign investors to boost their creativity, vibrancy and innovativeness.

The forum is a follow up on the meeting the Vice President held with the Nordic business executives in Oslo and Copenhagen during his business meeting tour of Northern Europe.


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