President Museveni Meets Rebel Group Investors
President Yoweri Kaguta Museveni has assured investors from Rebel Group,
an international consultancy and investment firm based in Nairobi, of Uganda’s
readiness to partner with them in key infrastructure projects.
Meeting the group led by the former US Ambassador to Kenya, Mr. Kyle
McCarter, at State House, Entebbe, President Museveni welcomed the firm’s
interest in Uganda and emphasized the country’s long-term economic
opportunities.
President Museveni explained that Uganda’s economic transformation
agenda is anchored on four key pillars of wealth creation.
“Our first pillar is commercial agriculture, where land must be used
productively beyond subsistence farming. The second pillar is manufacturing,
which focuses on adding value to our raw materials such as coffee, cotton,
copper, and timber,” he said.
“The third area is services, including tourism, hospitality,
entertainment, and related sectors, the fourth pillar is ICT, where we must
harness technology to drive growth. Everyone must be involved in producing either
a good or a service, whether as an owner or as an employee. That is the
foundation of wealth,” he added.
The President also mentioned that infrastructure investment is central
to unlocking regional trade, particularly within the African Continental Free
Trade Area (AfCFTA).
“This is why I have been advising investors to look at Africa seriously.
The Chinese have already seen the potential and are coming in big numbers. But
there is even more space for others to participate. Infrastructure such as
roads linking Uganda to Rwanda and Congo will not only serve Uganda but the
entire region. That is where the real business is,” he said.
Mr. Prashiv Shah, the financial consultant with Rebel Group, welcomed
President Museveni’s guidance and declared the group’s interest in Uganda.
“In Kenya, we are already combining infrastructure with real estate
development, but we are willing to come to Uganda not just for infrastructure
but for many other sectors as well. We totally agree with your vision, and we
are ready to explore opportunities here. This is a new time for building
investments, and we are glad to meet you,” he said.
Reflecting on Uganda’s post-independence challenges, the President noted
that past policy mistakes, including the expulsion of Asians under Idi Amin and
the confiscation of private property, discouraged private investment.
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