Germans want to invest here
Monday, 13th October, 2008
Migereko attended meet

Migereko attended meet

By Joe Nam in Hamburg, Germany

GERMANY investors have called on the Government to address bottlenecks to foreign direct investments for the country to develop faster.

Dr. Breitengrob Jens Peter, the Hamburg Chamber of Commerce president, said electricity shortage and high transportation costs were still a hindrance to vibrant economic growth in Uganda.

�Energy is key to the development of Uganda. It is also important to leave power generation to the private sector,� Dr. Breitengrob said during a symposium called to assess Uganda�s economic standing in the 21st Century, held in Hamburg, Germany, recently. He said although liberalisation of the economy had been a success and exports of flowers and fish were encouraging, the country still had a big task of improving its negative international image.

Jens Peter said Uganda�s international image was associated with corruption, terror and wars, adding that a new image of a modern and democratic state should be created.

The energy minister, Daudi Migereko, assured the German businesspeople and investors that the Government had prioritised power generation as a prerequisite for the country�s development goals.

He invited them to come and invest here. The fight against malaria using DDT in selected districts, the successful exercise of the African Peer Review Mechanism (APRM), ground-breaking research findings at the Joint Clinical Research Centre (JCRC) and the successful results of oil and gas exploration in the Albertine Graben in western Uganda, were presented as some of Uganda�s success stories at the symposium.

John Nagenda, the presidential adviser on media and public relations, briefed participants about the state of media in the country.

The symposium sponsored by Afrika Kollegium, Afrika Verein and Handleskammer Hamburg, noted that a vibrant media, meaningful political opposition and an active civil society were necessary catalysts for sustained economic growth in the country.

They asked the Government to address the problem of lack of information in Europe about Uganda.

Jean-Louis Kayitenkore
Procurement Consultant
Gsm:  +250-08470205
Home: +250-55104140
P.O. Box 3867
East Africa
Blog: http://www.cepgl.blogspot.com
Skype ID : Kayisa66

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