Gov't Enlists Diaspora in Korea to Mobilize Capital and Drive $500B Economy Target

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Gov't Enlists Diaspora in Korea to Mobilize Capital and Drive $500B Economy Target

Government Enlists Diaspora in Korea to Mobilize Investments and Trade Ahead of Summit

Photo: Courtesy

Speaking ahead of the Uganda–Korea Trade and Investment Meeting in Seoul, Second Deputy Prime Minister Dr. Crispus Kiyonga and Ambassador Tophace Kaahwa urged the diaspora community in the Republic of Korea to leverage their skills, networks, and capital to advance national development and help scale Uganda’s economy to USD 500 billion by 2040.

The Government of Uganda has urged its diaspora community residing in South Korea to actively participate in national transformation by mobilizing private capital, driving technology transfer, and forging cross-border business partnerships.

The diplomatic outreach was organized by the Uganda Embassy in Tokyo (concurrently accredited to the Republic of Korea) in Seoul, serving as a precursor to the Uganda–Korea Trade and Investment Meeting scheduled for September 6–10, 2026, in partnership with the Korea International Trade Association (KITA).

Addressing over 650 Ugandans based in Korea, Uganda’s Ambassador accredited to South Korea, H.E. Tophace Kaahwa, characterized the diaspora as essential partners in economic and commercial diplomacy.

Government Enlists Diaspora in Korea to Mobilize Investments and Trade Ahead of Summit
Photo: Courtesy
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Ambassador Kaahwa called on Ugandans living abroad to direct investments into high-value domestic sectors, including agro-industrialization, tourism, mineral processing, and science, technology, and innovation.

The Second Deputy Prime Minister and Head of the Ugandan Delegation, Rt. Hon. Dr. Crispus Kiyonga, delivered fraternal greetings from H.E. President Yoweri Kaguta Museveni and commended the community for preserving unity while representing Uganda’s commercial interests abroad.

Government Rallies Ugandan Diaspora in South Korea Ahead of Seoul Trade Summit
Government Rallies Ugandan Diaspora in South Korea Ahead of Seoul Trade SummitPhoto: Courtesy

Dr. Kiyonga highlighted the government’s long-term economic roadmap, which targets expanding the national economy to USD 500 billion by 2040.

He emphasized that achieving this macroeconomic goal depends on strategic investments in industrialization, energy expansion, modern transportation infrastructure, and private-sector partnerships.

The delegation highlighted ongoing administrative efforts to implement a streamlined Diaspora Policy, designed to safeguard diaspora interests, facilitate knowledge sharing, and streamline remittances and investment procedures back home.

Government representatives affirmed that economic diplomacy and active diaspora engagement remain central to enhancing Uganda’s global competitiveness and accelerating sustainable economic growth.

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