CREATE LINKAGES, PRESIDENT MUSEVENI TELLS INVESTORS

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President Yoweri Museveni has advised both local and foreign investors to create linkages across the production value chain if they are to flourish in business.

In his address during the presidential investors’ conference at the Kololo Independence Grounds yesterday, Museveni said from the commercial agriculture and the mining sector, then to the services sector like hotels, transport, professional services and health there is a need for a clear channel for investors who are beginners to know where to start if they need to invest.

The president also echoed the need for investors in Uganda to concentrate on channeling their resources to agriculture and manufacturing citing that the government already has a line of support in terms of funds for them.

Ramathan Ggoobi, the secretary to the treasury said the government is addressing the issue of capital for investors at affordable rates as per the presidential directive.

Ggoobi added that another fund called Invite Fund worth $218m (Shs820b) has been started and this targets mostly investors dealing in exports.

The Minister of Finance Matia Kasaija while addressing investors brought the issue of corrupt officers who have never ceased misappropriating public funds.

He said he would need to discuss in a private meeting with the President more about the vice of corruption getting to the nerves of many Ugandans. 

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