H.E Yoweri Kaguta Museveni, the President of the Republic of Uganda hosted the two days 5th phase of the Presidential Investors’Round Table (PIRT) that took place on December 6th and 7th2017 at State House, Entebbe. PIRT is an innovation of President Museveni that drives government Ministries, Departments and Agencies to improve servicedelivery as well as the country’s competitiveness in the global economy.
The 5th phase of PIRT was launched in August 2015 to make recommendations in the areas of tourism, oil, gas and energy, minerals’value addition, competitiveness and ease of doing business in the country. The 5th phase of PIRT has been working for the past 2 years and is due to concludeits work at the end of this year 2017.
President Museveni observed that underdevelopment of infrastructure means low electricity; high electricity and transport costs and the private sector cannot make profit because of the high cost ofinputs. The President made a commitment that there will be no slow downon electrification and welcomed investors to engage in electricity generationand distribution. His government is addressing market expansion in the regionand lowering cost of production.
The Presidential Investors’ Round Table (PIRT) was attended by the Prime Minister, Rt. Hon. Dr. Ruhakana Rugunda, Hon. JanetMuseveni, First Lady and Minister of Education and Sports, First Deputy Prime Minister and Deputy Leader of Government Business in Parliament, Gen. MosesAli, Trade, Industry and Cooperatives Minister, Hon. Amelia Kyambadde, Ministerof Works and Transport, Eng. Monica Ntege Azuba, Hon.Evelyn Anite the Minister of State in charge of Investment and Privatization atthe Ministry of Finance, Kampala Capital City Authority(KCCA) Executive Director, Ms.
Jeniffer Musisi, Uganda Investment Authority(UIA) Executive Director Jolly Kamugira Kaguhangire, Bank of Uganda Deputy Governor, Mr. Louis Kasekende, members of the business community including Chairman Managing Director of Zhang’s Group Mr. Zhang Hao, Mr. Guo Bin, the General Manager Liao Shen Industrial Park and Mr. Yang Zhen the Managing Director Goodwill Ceramics who have invested in ceramic tiles production at Liao Shen Industrial Park among others.
On day two of the Presidential Investor’s Round Table, December 7 Liao Shen Industrial Park, on behalf of investors briefed H.E the President of the statusof the industrial park and challenges being encountered. H.E the President Museveni acknowledged that LiaoShen Industrial Park is strategically important in Uganda’s economy. He directed that sufficient industrial electricity be extended to the Liao ShenIndustrial Park as soon as possible to facilitate operations of the factories.He also directed relevant departments to do their part in facilitating the requirements of Liao Shen Industrial Park.