Written by Jess Paniszczyn
The U.S. - East Africa Chamber of Commerce (EACC) hosted the Vice-President of Uganda, His Honorable Excellency Edward K. Ssekandi and his distinguished entourage at the Las Colinas Country Club on Aug. 30. The evening’s discussions revolved around increasing American investment in the East Africa region which includes Uganda, Rwanda, Kenya, Burundi and Tanzania.
Known as the ‘Pearl of Africa,’ Uganda has ready manpower with growing industries in agriculture, mining, logging, tourism, infrastructure, financial services and energy. Additionally, the government is currently offering generous enticements to companies to willing to invest in Uganda.
“Uganda is a prime business destination in Africa, because of its ideal business environment sought after by a number of investors from the entire world,” Ssekandi said. “Over the last two decades, Uganda has been able to achieve economic stability. We have maintained a competitive real exchange rate, which supports growth. And today the size of our economy amounts to about $20.2 billion in 2012-2013….
“Our government is committed to promoting a healthy relationship with the private sector. It is our belief that the latter should be at the forefront of running the economy, not the government, but this sector is very, very important, and this is what we encourage in Uganda….”
A member of the Vice-Presidential delegation, H.E. Olive Wonekha, Ugandan Ambassador to the United States, addressed the assembly during dinner.
“Our governments back home are unable to do all that is required by our populations,” Wonekha said. “The efforts that you are making here as East Africans with the friendship and support of American citizens is of great value. We cannot put value to that.