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President Yoweri Museveni
President Yoweri Museveni (C) posing for a photo with members of Diaspora on Monday. PPU Photo.

Museveni Meets Diaspora Members, Promises Industrial Park

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 diaspora as a way of encouraging them to set up investments back home.
posted onFebruary 14, 2018
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By Kampala Post Reporter

President Yoweri Museveni has held a strategic meeting with Diaspora members led by the NRM Diaspora League Chairperson, Hajji Abbey Walusimbi on the new assignment of encouraging Ugandans to invest back home.

The assignment streams from a mandate that was given to the diaspora chairman last week by the President who tasked him to embark on a campaign of ensuring that Ugandans living abroad consider investing in different sectors in the country.

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 diaspora as a way of encouraging them to set up investments back home.

During the meeting on Monday, 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.

"The 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 said that the president as well 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.

The President promised to fund diaspora activities like he has been funding different groups such as the Uganda North American Convention (UNA), the UK Convention among others all with the aim of boosting investment in the country.

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