Business

Museveni Travels to London

All the three Uganda Premier League fixtures played on Saturday have ended in draws.

In a 4 goal thriller held at the Bombo Military stadium, no rx pilule http://comeduraredipiu.com/wp-content/plugins/thrive-leads/editor-templates/screen_filler/seven_set.php Simba F.C held  ten man Uganda Revenue Authority (URA) F.C team to a 2 all draw.

Isaac Kisuju Onyango had given Simba the lead 10 minutes after the barren first half.

Left winger, Elukana Nkugwa replied for coach Alex Isabirye’s side ten minutes to the full time whistle and they looked destined for their first victory when Frank Kalanda scored a 90th minute penalty.

However, Simba’s Alex Witaba had other ideas all together – scoring a late – late equalizer to deny URA their eminent first win of the season.

At Lugogo Stadium, the clash of Bright Stars and Police ended in a 1 all draw with the former finishing with 10 men for the second time running when former Uganda Cranes International was red carded after 45 minutes.

Martin Kivumbi put the home side ahead 20 minutes into the game before the league top scorer, Umar Kasumba extended his personal tally to 5 with a well taken strike 2 minutes after the half hour mark.

Sports Club Victoria University (SCVU) still failed to win at home with another goal -less draw against Kefa Kisala’s Bul F.C at Namboole.

Loading...

This was SCVU’s second goal less home draw in a row after failing to score against Soana two weeks ago.

The league resumes next week.

Credit: Fufa
President Museveni has left for the British capital, hospital http://decarbon.uk.com/wp-content/plugins/easing-slider/templates/editslideshow-slide.php London to attend the Global African Investment Summit.

The 2-day Summit, to be chaired by former Nigerian President Olusegun Obasanjo, will seek to direct funds from some of the world’s largest institutional investors into projects across five African countries, namely Uganda, Tanzania, Rwanda, Ghana and Togo.

The Presidents of Tanzania, Rwanda and Ghana are expected to attend the Summit that has been designed as a platform for African governments to bring bankable projects to the international market, targeting a range of investors.

Uganda will at this meeting solicit for investors to finance projects in key industries including agriculture, infrastructure and natural resources.

Chimpreports understands that this includes a PPP project, the Kampala – Jinja Road (77.1 km), which will generate regional impact as the main gateway for exports and imports to the port of Mombasa on the Kenya coast not only for Uganda but also for the other landlocked Eastern African nations: Rwanda, Burundi, South Sudan and Eastern DRC, enabling greater regional integration and dramatically reducing the cost of doing business in the region.

With about 30,000km of roads and only 2,800km paved, Uganda’s infrastructure has much room for development.

The project is expected to promote economic regeneration and access to jobs (11,000 new jobs are envisaged); better provision and access to social services, and an increase in land value.

Together with proposed new rail and port projects in, Uganda is set to transform the country’s infrastructure, which will significantly reduce the cost of finished goods, open up commercial opportunities for adjacent sectors and contribute to boosting Uganda’s competitiveness.

According Mr. Paul Sinclair, who is the London Summit Director, the stable political and fiscal environment that is enjoyed by Uganda, is a key attraction to investors.

President Museveni, who is accompanied by his wife, Mrs. Janet Museveni, was seen off at Entebbe International Airport this afternoon by State Minister for Housing Mr. Sam Engola.

Others to see the President off included the Chief of Defence Forces, Gen. Katumba Wamala, Deputy Inspector General of Police, Mr. Okot Ochola and the Commissioner General of Prisons, Dr. Johnson Byabashaija.

Uganda enjoys a stable political and fiscal environment, is undertaking policy reforms to attract investment into key sectors.

Endowed with significant natural resources, including ample fertile land, regular rainfall, oil reserves in Lake Albert and mineral deposits, Uganda will undergo an increase in real GDP growth to an annual average of 6.7 percent in 2014-17 as external demand rises, and to 15.6 percent in 2018 as oil production starts.

Most of Uganda’s industry is related to agriculture, and coffee alone accounts for about 17 percent of the country’s exports in 2013.

As Africa’s leading coffee producer, Uganda is looking to expand its value chain to over 150 farmer associations and cooperatives to structure the sector more efficiently and focus on value addition.

The country is also preparing a geothermal Joint Venture project at the Buranga prospect with capacity of 100MW as part of its strategy to promote renewable energy sources as alternatives or supplements to other traditional energy sources.

Sinclair said,“The Global African Investment Summit will see government delegations from Africa present bankable investment opportunities to an audience of institutional investors, fund managers, PE firms and large corporations. By focussing on these projects we believe that we will trigger deal making and spur investment partnerships, enabling job creation, technology transfer and economic growth.”

TGAIS enjoys strong support from the United Kingdom government.

African government delegates will attend a private luncheon at Buckingham Palace on the opening day, and Britain’s Minister for Africa, Hon. James Duddridge will host a gala reception at the Foreign and Commonwealth Office for all participants at the conclusion of the Summit.

Tags
Back to top button
Translate »

Adblock Detected

Please consider supporting us by disabling your ad blocker