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Ugandan Diaspora Business Expo Boston – Press Conference Held In Kampala

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Posted May 17, 2013 by Ugandan Diaspora News Team in Ugandan Diaspora Business Expo - Boston ~ 10,859 views

     

Kampala Dispatch, May 17th — The Uganda Diaspora Business Expo scheduled to take place on  July 6th in Boston got a rare boost Friday when Uganda Investment Authority led by the New Executive Director – Eng. Frank Sebbowa encouraged the business community in Uganda to attend the event and also invited Uganda Diaspora Investors to make use of this opportunity to network.

Present at the Media Center Press conference was the Ugandan Diaspora Patron and a senior Investment Advisor Prof. Maggie Kigozi who represented the private sector and the business community expected to travel to Boston. Also present was the Executive Director – Promote Uganda Ltd,  Mr. David Nsubuga whose videos and documentary series have been largely responsible for marketing Uganda in our foreign missions abroad.

In his opening remarks Eng. Frank Sebbowa reiterated that the Uganda Diaspora has grown to over 2.5 Million Ugandans the majority of whom live in East Africa, the Great Lakes region and other parts of Africa. He then noted that as a way to encourage Diaspora – led investments at home UIA had now undertaken a proactive role to inform the Diaspora community of the trade and investments opportunities available to them.

He further noted that UIA in partnership with the Ministry of Foreign Affairs, Bank of Uganda and the Development partners like the UNDP had embarked on an initiative to help address the issue of the lack of information about Investment opportunities, the lack of a clear Diaspora policy, the lack of Diaspora engagement/support institutions, Divisions among the Diaspora Communities and the removal of the social and economic burdens associated with living in the Diaspora.

Under this partnership UIA has now developed a Compendium of Investment Opportunities available in Uganda. This compendium will be launched in Nairobi in June. He also informed the media that a lot of engagement with various stakeholders like Uganda Revenue Authority and Bank of Uganda had also taken place to help determine the conducive tax regimes, removal of tariff barriers and the improvement on the levels of exchanges with the Diaspora communities,

He further noted that because Uganda’s economy is moving toward a knowledge-based economy and as such there was a need to focus on the Uganda Diaspora since many of them are now actively engaged in technological skills and best practices from their host countries,

Quoting examples of Diaspora Investments on the ground Eng. Sebbowa mentioned Gulu Independent Hospital, Ibulanku Hospital, Paragon Hospital, Ugarose, Sembaguya Farm, Lindsay Cottages, Wanna Solutions as examples of the successful Diaspora Investors.

As he concluded Eng. Sebbowa applauded the Diaspora Initiaves like the July 6th Business Expo in Boston as one of the ways UIA can partner with various Diaspora Institutions to help bring the badly needed Investments back home. It was partly our the desire to address the needs of the Diaspora that for the past five years UIA had organised and hosted the Home Is Best Summit at Hotel Africana and also supported the Ugandan Diaspora Social Networking Gala at the Kampala Serena hall now in its 3rd year.

On her part the Patron and Senior Investment Advisor Prof. Maggie encouraged the Business community to embrace this initiative and travel to Boston in big numbers.

Mr. David Nsubuga the Executive Director of Promote Uganda reiterated his commitment and that of his company to support this business expo and Uganda’s mission’s abroad. He also indicated that Promote Uganda and Uganda Diaspora News partnered to produce the first quarterly Promote Uganda Print version that would be an investors guide to Uganda as a way to supplement the video and documentary materials currently on offer by the company.

On his part the host and event planner for the Business Expo in Boston Mr. Ronnie Mayanja shared the significance of Boston in terms of Ugandan numbers and why it has been described as ‘little Kampala’.  He also expounded on the program of the day that will include a business forum from 10am -5pm and a Dinner later that evening. The following day on Sunday July 7th a networking BBQ will be held in honor of the visiting business fraternity in one of the parks popular with Ugandans in Massachusetts.

Ethiopian Airlines has provided discounted fares on their Washington DC route for business travelers to this expo and a Daily Monitor special Diaspora Supplement will run mid June and this will target businesses that market to the Ugandan Diaspora. The US Embassy through Ambassador DeLisi also pledged their unequivocal support.

Starting this July several Diaspora Conventions will take place in both North America and Europe. UNAA as one of the oldest and most respected Diaspora organisations will also be celebrating its silver Jubilee in Dallas. To learn more about the venue for the Boston Business Expo click on the link below. http://www.ugandandiasporanews.com/2013/03/27/the-burlington-marriott-hotel-to-host-first-boston-ugandan-diaspora-business-expo-saturday-6th-july-2013/


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Ugandan Diaspora News Team

Ugandan Diaspora News Online is an independent, non political news portal primarily aimed at serving Ugandans who work and reside outside Uganda. Our aim is to be a one stop shop for everything Ugandan and the celebration of our Ugandan heritage.

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