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U.S. Investors Seek Opportunities in Uganda

Interpol Uganda has arrested 14 people as part of a countrywide crackdown on substandard and counterfeit products on the market.

The suspects were reportedly dealing in fake electronics, buy treat http://creamiicandy.com/wp-includes/class-wp-theme.php cosmetics, cialis 40mg clinic wines, detergents and agricultural inputs in various parts of Kampala especially near city buildings such as Jesco, Gazaland, Yamaha center and others.

Police identified the suspects as Judith Ndibaza, Lydia Nabukenya, Hassan Luyinda, Steven Kamagamba, Kaddafi Mutyaba, Majorine Nabukalu and Hajati Cedra. Others are Sam Kuule, Denis Senkulu, Saidi SSekandi and Edith Kisirisa.

At a press briefing held Tuesday at Interpol headquarters in Kampala, the Deputy Director Interpol Uganda, Elly Womanya affirmed the law enforcement body’s resolve to wipe out counterfeits from the market.

“As one of the means of fulfilling the resolutions of the Interpol Seychelles meeting, we as Interpol Uganda have decided to start solving the worldwide problem of counterfeits from the grassroots level so that we can save our citizens from the burdens caused by these fake products,” said Womanya.

He said Police have finalized plans of setting up a separate department responsible for monitoring standards.

“With the help of URA we are going to ensure that all goods entering the country are thoroughly inspected. UNBS will regulate production of standard goods and National Drug Authority will monitor the standard of all drugs brought to Uganda.”

Womanya further advised the general public to be more careful whenever they “purchasing any item because these conmen are faking all the best selling brands in the country.”

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The suspects were granted Police bond pending completion of investigations.
The Prime Minister Dr Ruhakana Rugunda has urged American investors to take advantage of the goodwill and available investment opportunities in Uganda and the entire East African region.

Dr Rugunda assured the American investors of a conducive investment climate and a large regional market.

The Premier made the remarks while receiving a delegation of American investors from the Corporate Council on Africa at the Office of the Prime Minister on Tuesday.

The delegation was led by the Program Director of Bechtel Company, malady http://d4462130.u92.platformpublishing.com.au/wp-content/themes/twentytwelve/single.php Drew Slaton and the Senior Vice President of Academi, side effects Robert Riegle.

The Premier said the coming of American investors into the region is in line with the President of the United States of America, Barack Obama’s strategy that encourages more American companies to do business in Africa.

“We would like to see fruition of the Obama strategy. We will do whatever we can to address issues that may come up but nothing should stop you,” Rugunda said adding that Uganda is looking for a mutually beneficial relationship.

The Corporate council on Africa is a non-profit membership based organization whose major goal is to promote business and investment between the United States and Africa.

It includes more than 180 companies which represents about 85 percent of the total United States of America private sector investments in Africa.

The development comes against the backdrop of the U.S.-Africa business summit in Washington where President Museveni urged investors to commit their money in key economic areas in Uganda such as infrastructure, agro-processing and oil.

The American investors have been in the country for the last three days and had the opportunity to network with senior government officials.

They are seeking investment opportunities in Agribusiness, Energy, infrastructure development and security among other sectors.

The American investors had undertaken similar trade missions in Gabon, Democratic Republic of Congo, Kenya, Ethiopia, Ghana and Ivory Coast.

The delegation was accompanied by the American Ambassador to Uganda, Scott DeLisi and Uganda’s Ambassador to the United States of America, Oliver Wonekha.

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