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INVEST IN UGANDA AND ACCESS REGIONAL MARKETS SAYS AMB. OCHEGER

Tuesday, 5th November 2019
H.E Ambassador Nelson Ocheger met and was hosted to a business lunch with variety of companies from the Federal Republic of Nigeria with investments in financial services, equities, mining, hospitality, oil and gas and agriculture at the Intercontinental Hotel, Victoria Island in Lagos. With presentations from Lagos based conglomerates such as DMA group and PAC holdings the function also had over 30 company CEO’s in attendance to foster the bilateral relationships that exist between the two countries and explore investment opportunities.

As the Federal Republic of Nigeria and the Republic of Uganda prepare to hold a Joint Permanent Commission in the 1st half of 2020 and the Nigeria-Uganda business forum, the function was held as part of the preparations for the upcoming events. 

In his address, Amb. Ocheger advised the investors to fully utilize the conducive business environment that has been provided by the Government of Uganda and also take advantage of the several investment incentives on offer for business to prosper.

These he highlighted as a stable inflation rate, improved rating for ease of doing business, improved road infrastructure, competitive electricity rates, peaceful and secure environment and quick access to regional markets in South Sudan, DRC, Rwanda, Burundi, and Tanzania with a combined East African community population of 175million people.

He further informed that Uganda was a member of regional trade blocs such as COMESA, EAC and the SADC Tripartite FTA and this offered investors a regional market. 

In his concluding remarks, he welcomed the participants to invest in the different sectors of the Ugandan economy that range from value addition in the agricultural sector, real estate, hospitality, oil and gas.


Source: Uganda High Commission, Abuja

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