Museveni Urges African American Investors to Invest in Real Estate

President Yoweri Museveni has met African American investors and urged them to invest in real estate projects around industrial parks in the country.

Museveni met a delegation of African Americans from Capital Brand Bizz represented by Michael Broughton, Mark Hernandez and Damiano as well those from Impact Brands Inc at Liao Shen Industrial Park in Kapeeka, Nakaseke District.

The President told the investors that Uganda’s Real Estate Development sector is still widely open adding that there is need for setting up affordable housing in and around the several industrial parks in the country. The delegation was ushered into the country by Isaac Kigozi, the Managing Director of East African Partners- a company that has championed marketing Uganda and East Africa to different foreign investors with the aim of encouraging more investments in the region.

Kigozi said that during the visit, the President was so impressed that the African Americans have chosen to trace back their origins in Africa so as to spend their monies in the vast investments available.

“During our visit to the president, the investors were encouraged to as well look at venturing into the education sector by providing technical education which is tailored towards enhancing skills among Ugandans,” Kigozi said.

The Minister of State for Privatisation and Investment Evelyn Anite promised total support to the team of investors assuring them of better policies and good working relationship from government.

“I want to thank the African Americans for thinking of investing their hard earned resources in Uganda and Africa at large. We shall give them the support required to facilitate their investments in Uganda,” Anite said.

“As a country, we need to industrialise and create jobs so as to absorb our unemployed population, we are going to focus high quality Foreign Direct Investments from USA.”

Meanwhile, Museveni appreciated the NRM Diaspora Chairman, Hajji Abbey Walusimbi for encouraging and bringing more investors into the country a task that should be carried on by all Diaspora members despite their political affiliations.