Kazo Fm Business News with Mwebaze Deus in Runyankore/Rukiga

The Deputy Speaker of Parliament Thomas Tayebwa has told investors in the United Kingdom that investing in Uganda is a sure deal to the success of their projects because of the prevailing excellent investment environment in the country. He said the investors are guaranteed of security and a huge return on the investment, citing non-tax and tax incentives and a large market from the East African region, Africa, and access to free markets in China, Europe, and the United States. Tayebwa was speaking at the Uganda-UK Trade and Investment Summit held at The Skyline London, Blue Orchid Hotels, Tower Bridge, United Kingdom. “If you’re producing in Uganda, you sell anywhere in the East African Community duty-free, but it is also a get way to the rest of the continent, especially if you’re prepared to benefit from the African Continental Free Trade Area which we believe is going to transform the African continent,” he said. Tayebwa urged UK investors and businesses to take advantage of Uganda’s profitability by building and locating production facilities in the country. He said that the Uganda government is now implementing measures including availing efficient, reliable, and cheap electricity, faster internet, and good infrastructure to ease the cost of doing business. Themed, Unlocking Trade, Investment, and Export Potential, the Ugandan Convention – UK in its 13th edition seeks to promote trade and investment between Uganda and the United Kingdom. The event gathered prominent industry leaders, investors, and ministers from the UK and East Africa, to forge new business deals, invest in bankable projects, and reinforce economic relationships between the UK and Uganda, including the East African Community.