As a means of getting feedback from both foreign and local investors, Uganda Investment Authority organized a one day investor consultative and facilitation conference at hotel Africana to engage the private sector on the possible ways of developing the country through investment.
The discussions that followed a theme Your Investment is our business centered on the role of Foreign Direct Investment and Domestic Investment in the development of Uganda’s economy. Keynote address by Mr. Morrison Rwakakamba tackled the question; what Investors look for when making investment decisions. He informed the people that investors keenly assess the risk profile of countries before they invest. They look at political, economic and social indicator trends. These include the political situation of a country, micro and macro-economic indicators, interest rates, GDP, state of bureaucratic efficiency (ease of doing business), how liberal an economy is, judicial system, land regime and human capital.
He added that Uganda enjoys a unique location at the heart of sub Saharan Africa within the East African region and lies astride the equator, potential investors have access to well regulated and highly liberalized economy in which all sectors are open for investment with free movement of capital to and from the country
David Sseppuya in response to the keynote address stated that domestic savings are a much preferred source of financing for national economic development than Foreign Direct Investment.
Mrs Jolly, the UIA Executive director appreciated the investors’ efforts to industrialize the country and committed to accord them the necessary support required.