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Museveni to Set Up Diaspora Industrial Park

President Museveni has promised to put up an industrial park for Ugandans living in the diaspora as a way of encouraging them to invest back home.

The president revealed the plans while meeting a delegation of diaspora members at State House led by the National Resistance Movement (NRM) diaspora chairman, Hajji Abbey Walusimbi among other executive committee members.

During the meeting on Monday, the President appreciated Hajji Walusimbi and the NRM 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 party.

Walusimbi told Chimpreports that the Monday meeting was a follow up on another one he had with the president last week. He said the president needed to expound on the new League assignment of encouraging Ugandans abroad to invest back in their country.

“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 added that the president also 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 also promised to fund diaspora activities like 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.

 

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