Uganda Enhances Trade and Investment with Diaspora Support

Uganda is boosting its trade and investment efforts, with a focus on involving the diaspora in economic growth. In a recent meeting at Rwakitura, President Yoweri Museveni and Senior Advisor Kakuru Phillip discussed strategies to attract foreign investment, reduce trade barriers, and improve the business environment.

The diaspora plays a vital role in Uganda’s economy, contributing over $1.4 billion annually in remittances. President Museveni emphasized the importance of channeling these resources into key sectors like agriculture, infrastructure, and services to stimulate development.

The leaders also proposed organizing trade summits to attract foreign investors and strengthen Uganda's global trade presence, including preparations for the 2025 G20 Summit in South Africa.

Improving infrastructure and trade policies was another priority. Uganda aims to modernize its systems to create a business-friendly environment and position itself as a top investment destination in Africa.

By leveraging the diaspora’s potential and enhancing global trade relations, Uganda is set to achieve sustainable growth, job creation, and economic prosperity.