State Minister for Investment and Privatization, Hon. Evelyne Anite said the upcoming Uganda-DRC Investiment Summit and Market Access Expo is about serious business to promote investiment, as well as the informal cross-border trade, that has been going on between the two countries for many years.
The first ever Uganda-Democratic Republic of Congo (DRC) Investment Promotion Summit and Market Access Expo slated for June 27th to 29th, 2022 in DRC capital Kinshasa, is organized by Uganda’s Ministry of Finance, Planning and Economic Development, through Uganda Investment Authority (UIA).
The overall objective of the Summit and Expo is to promote and show case
investment opportunities, create networks and joint venture partnerships
aimed at enhancing investment and market access between Uganda and DRC, as well as to promote products manufactured in Uganda.
“We are going to the DRC not for fun but very serious business of promoting investment and trade with Uganda. We are targeting five key sectors, namely; manufacturing, agriculture and agro processing, services, real estate and trade”. Hon Anite said at a press conference in Kampala.
The Expo comes at the backdrop of the West-Nile Investment Summit held in Nebbi District recently which attracted a high-powered delegation from Democratic Republic of Congo (DRC) – the National Oversight Mechanism of the Framework Agreement, MNS, and members of the provincial Government of Ituri, and
the ACOPA-ONGd, the liaison entity for promoting investment and cross-
border business in North-Kivu Province.
Through the Summit and Expo, UIA aims to attract a significant number of Congolese investors to come and set shop in Uganda, as well as other foreign direct investors, taking advantage of Uganda’s strategic location in the heart of the EAC bloc.
Minister Anite also said the Summit is aimed at promoting the formalization of informal cross-border trade between Uganda and DRC that has been going on for years.
The UIA Director General, Robert Mukiza, said through the Summit and Expo, Uganda aims to attract a significant number of Congolese investors to come and set shop in Uganda, taking advantage of Uganda’s strategic location in the heart of the EAC bloc, as well as popularize Ugandan
products in the DRC and expand and deepen their market share.
Mukiza said the Summit also aims at attracting more Foreign Direct Investment into Uganda, as the investors would use Uganda’s strategic location to access the expanded East African Community market of over 300
million people, from the Indian Ocean coast to the Atlantic Ocean coast.
“We invite Ugandan investors and businesses to participate in this first ever Uganda-DRC Investment Promotion Summit and Market Access Expo because the dividends would be greater. Please register at www.ugandainvest.go.ug or call +256313301000” He added.
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