President Yoweri Museveni has committed that government wille establish an industrial park for the Ugandan diaspora as an incentive to promote investments in Uganda.
Members of the Ugandan diaspora led by the NRM Diaspora League Chairperson, Hajji Abbey Walusimbi held a strategic meeting with President Yoweri Museveni on Monday to discuss their assignment to woo Ugandans living abroad to invest back home.
The assignment follows a mandate that was given to the diaspora Chairman last week by the President, tasking him to embark on a campaign of ensuring that Ugandans living in abroad consider investing in the different sectors here in Uganda.
During the meeting with the 17 members of the delegation, the President promised to set up an industrial and business park for all Ugandans living in the diaspora as a way of encouraging them to set up investments back home.
During the meeting, the President appreciated Hajji Walusimbi and the diaspora league in general for the continued support to government and their efforts during the 2016 general elections campaigns that saw them mobilize funds for the same.
“The President promised to support all diaspora initiatives as well as setting up an industrial and business park that shall be used for investment by all diaspora members and returnees regardless of their political affiliations as long as they wish Uganda well,” Walusimbi said.
“He [President] was alive to the fact that many Ugandans abroad are well off and have got enough funds as well as credit facilities that can help boost the Uganda’s economy,” Walusimbi noted.
Walusimbi revealed that during the same meeting, the President promised to offer a number of business incentives to all diaspora investors which among others include; tax waivers, tax holidays, free land for construction of companies and setting up of agricultural farms.
Museveni will also fund diaspora activities the same way he has been funding different groups as such the Uganda North American Convention (UNA), the UK Convention among others all with the aim of boosting investment in the country.
