All posts in Convention2020

[vc_row][vc_column][vc_custom_heading text=”First virtual UK-Uganda trade and investment Convention hailed a success”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]

H.E Amb. Julius Peter Moto
Uganda’s High Commissioner to the UK

The 2020 UgandaUK virtual was an outstanding successful, Covid-19 pandemic did not deter the resilient and dedicated team of Ugandans in UK led by their chairman Willy Mutenza ran the event digitally via Zoom. “A great way to ignore the limitations of the pandemic and keep solving issues with new technologies” Martin Best, COO Wirex).

This year’s theme was “Uganda’s Untapped Investment Potential” and it fitted well with some of the core objectives which were:

• Promoting and facilitating bilateral trade between the United Kingdom, Europe, the Diaspora and Uganda
• Facilitating foreign direct investment in Uganda
• Providing a platform for businesses to expand into new markets
• Promoting British businesses exporting to Uganda
• Encouraging and exposing business and investment opportunities to Ugandans living in the UK

In his remarks H.E Amb. Julius Peter Moto, Uganda’s High Commissioner  said that under the leadership of H.E President Museveni, government of Uganda recently launched the Third National Development Plan (NDPIII) that aims at implementing the Uganda Vision 2040, it was approved by Cabinet in 2007, was conceptualized around strengthening the fundamentals of the economy to harness the abundant opportunities around the country,” he added.

He reminded the participants that the NDPIII has 5 objectives, namely:

• Enhancing value addition in Key Growth Opportunities (Agriculture, Tourism, Minerals, Oil and Gas and Knowledge).
• Strengthening the private sector to drive growth and create jobs,
• Consolidating and increasing the Stock and Quality of Productive Infrastructure,
• Increasing Productivity, Inclusiveness and Wellbeing of the Population,
• Strengthening the role of the public sector in the growth and development process.

He added that, the convention addressed three focused sectors namely Real Estate, Agribusiness and Finance and Banking fits within the government of Uganda NDPIII objectives. These are critical sectors for economic growth and development.”

“Real estate caters for shelter which is a basic human need, as Agribusiness caters for food another basic human need. Financial institutions provide much needed services, including capital, which is a key enabler for all sectors.”

He emphasized that Uganda is open for business and all sectors are on the table of investments. These sectors are Oil and gas, Tourism, Minerals, ICT Business, knowledge base, Water Resources, Industrialisation and Agriculture.

According to Mr Moto, Uganda welcomes investors in these sectors, adding that this has been made possible by total peace and stability that Uganda has enjoyed for over 30 years, favorable investment laws & incentives, a large population in east, southern and central Africa averaging 300 million consumers, a highly trainable manpower base, and improvements of infrastructures that facilitate businesses.

“There are strategic landmarks and outputs that were achieved under the NDP1 & NDP II that need to be consolidated with lessons learned along the path of projects implementations, all aimed at making the ease of doing business in Uganda better,” he concluded.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]

Subhash Thakrar, Deputy President and past Chairman of the London Chamber of Commerce and a Partner at City Accountants CBW Blackstone …

Subhash, former President, London Chamber of Commerce said that despite of challenges uganda has had including the major of Idi Amin, has enjoyed peace and stability, and that is to be commended. And this has contributed to the stable growth for the last 20 years or so. And the growth of 6.5%, which makes it Uganda amongst the top 20 fastest growing economies of the world.

He added that the service sector in east Africa is growing at a rate of 7.6%. And this is a huge potential for Uganda considering the fact that Uganda has a human resource potential of 75% below the age of 30.

Nevertheless, he was disappointed by the growth of agriculture sector at only 3.8%. The overall national growth rate is around 6.5. But the agriculture sector is not growing at the same level and, and considering the natural resources that Uganda has got, we’ve got a really tremendous potential to take advantage of that and create an organised agriculture industry, he added.

He commended the legal system in Uganda as fairly stable, cited a case by Ruparelia vs Bank of Uganda as a classic example of the fact that the Justice exists in Uganda and this attracts international investment due to stability and good legal system. He finally, was pleased by the Ugandan government for welcoming international investors.

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]On the overview of The Property sector in Uganda Judy Rugasira Kyanda, Managing Director Knight Frank Uganda pointed out that in east Africa region Uganda has the highest return on investment in the real estate due to its resilience.

HRH Sylvia Nagginda, The Nnabagereka in her keynote remarks stressed that we are living in a very difficult times, Covid pandemic has disrupted the way we live and now we are all trying to adapt to the new normal. As most countries are easing down lock-downs, we, as leaders, it is our duty to encourage, inspire and request you to take personal precautions, as by now Covid-19 has got no proved vaccinations or cure. Thus, it is imperative that we still respect and adhere to given standard operations procedure’s (SOP).

The Queen cited the importance of Ugandans in the Diaspora’s contribution to Uganda’s economy. According to the World Bank 2018 Report on migration and remittances, Ugandans from the Diaspora globally remitted US$ 1.3 billion in 2018. The amounts translate to about 5% of Uganda’s GDP of US$ 27.9 billion. With the Covid-19 devastating economies where most of our Ugandans work abroad, the amount of remittance is likely to shrink. Despite the situation, she encouraged Ugandans and investors to look further at ventures that are more inclusive and that empower and includes women.

“Women started this crisis from a position of economic disadvantage, we’re worried the impact on women’s earnings and employment prospects will widen existing gender inequalities, not least the gender wage gap.” quoted Dr Sara Reis, the head of research and policy at the UK Women’s Budget Group.

Emerging evidence on the impact of COVID-19 suggests that women’s economic and productive lives will be affected disproportionately and differently from men. In Uganda, she said, most women work in the informal sector, earn less, save less, hold less secure jobs. And according to our cultural setup, they have less access to social protections. Their capacity to absorb economic shocks is therefore less than that of men. As women take on greater care demands at home, their jobs will also be disproportionately affected by cuts and lay-offs. Such impacts risk rolling back the already fragile gains made in female labour force participation, limiting women’s ability to support themselves and their families, especially for female-headed households.

Further the Queen said that, in Uganda, the first round of layoffs in the aftermath of Covid-19 has been particularly acute in the informal sector, services sector, retail, hospitality and tourism, where women are overrepresented.

The situation is worse in our country Uganda where the vast majority of women’s employment – is in the informal economy with few protections against dismissal or for paid sick leave and limited access to social protection. To earn a living woman often depend on public space and social interactions, which are now being restricted to contain the spread of the pandemic.

At the 5th UgandaUK Convention in London in 2015, HRH Sylvia Nagginda presented a paper on the role of Ugandan women in sustainable economic development and therein, and urged the Government and private investors to reward the resilience of Uganda’s women by putting women at the centre of policy and investment decision making. This plea is more urgent now than ever. In fairness, support measures in response to Covid 19 need to go beyond the formal sector to include the informal part-time and seasoned workers most of whom are women.

A good innovation is the connection of e-commerce platforms using mobile apps. Female market vendors in the informal food supply chain both in the rural and urban settings now over 60% of those who have signed up to use these platforms are women; young women and persons with disabilities.

E-commerce is a powerful way to drive growth boost trade and create jobs. However, many developing countries including Uganda are still lagging behind.

The start-up culture in Uganda is growing with many online businesses experiencing growth, a considerable number of these digital based businesses are run by women and according to disrupt Africa in 2019 investments in African tech start-ups rose to 61% totaling to about 492 million US dollars. The World bank reported that uganda had 16 tech hubs where entrepreneurs collaborated in 2018.

The third edition of the Mastercard index of women entrepreneurs ranked Uganda among the top three out of the 58 markets evaluated around the world. The majority of women owned enterprises in Uganda are concentrated in the trade sector; accommodation, rentals and food supply services. Many women successfully traded in the textiles and clothing industry by exporting the Kikoi a multi-purpose east African cloth to Ghana. The female share of all businesses is lowest in agribusiness; fishing, transport, storage and information and communication technology although non-traditional agriculture exports offer opportunities for Ugandan women farmers many are unable to exploit their full potential in this area. Women, are usually hesitant to borrow money from banks or microfinance institutions because of the long and technical process involved as well as lack of security. Investment from private entities of individuals would provide opportunity for a large number of women to access capital to enable women overcome the barriers that hold them back from being highly successful entrepreneurs.

She said, these include but not limited to investment capital to hard heat feminized sectors like the hospitality industry and leisure or tourism sector. Advice on growing and reaching new markets,

affirmative action in public procurement and women-owned businesses and support to more female entrepreneurs to transition to e-commerce platforms and opportunities for example in Agri-tech.

Now putting women and girls at the center of economic growth in Uganda has numerous advantages for example it would support a more rapid coveted 19 recovery; enable more inclusive delivery of the

sustainable development goals, empowers future generations and contributes to grassroots

economic growth because women invest their wealth whatever size it is in the health

and education of their families. Long-standing cultural institutions such as the kingdom of

uganda have continued to play a positive role in promoting women to achieve sustainable development in uganda through economic empowerment, using holistic approaches to empowering young women in leadership roles social skills and economic production. We culture institutions are contributing to the transformation that unleashes the presently constrained half of the population to production wealth and prosperity. There is need for more concerted effort in working with and for people, a value espoused by Obuntu bulamu in a flagship program initiative called Ekisaakaate Kya Nnabagereka by the Nnabagereka Development Foundation that the Queen founded in 2000.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]

Judy Rugasira Kyanda, Managing Director Knight Frank Uganda said that, real estate goes through cycles every 18 years. And the duration of the cycles varies from sector to sector, from your graphical location to geographical location, Uganda, fortunately, she added, has had a very resilient real estate sector. After the global financial crisis in 2008. The sector felt the after effects slightly later, in 2011. And unfortunately, that coincided with a general election then. And what happens in this part of the world is, whenever there’s a general election, that tends to sort of slow down the economy to a certain extent. And because real estate is one part of other sectors of the economy is also impacted as property investors usually put on hold investment, people become very cautious, market sentiment becomes equally cautious as well. And we see less activity as people wait and see what the outcome of the election is going to be. Fortunately, nothing drastic ever comes out of it. And we’re able to pick up and start all over again.

In East Africa, Uganda has got some of the highest returns, in the office, residential and retail sector. She added, Uganda has some of the highest yields and capital value appreciation in the region, which makes Uganda a very attractive destination for property investments.

Rentals have also been relatively good, stable, we are still achieving foreign currency, or dollar rise rentals, repatriation of funds is also something that is still accepted in in this region. So that works for the sector in general.

And obviously 2020 came in with the crisis. We have seen a slight recession over the last couple of years, and we’ve been coming out of recession, and slowly getting into recovery. And just as we thought we’re going to pick up ourselves in 2020. In came the crisis. And what we saw was an acceleration of the trends that have been happening in the property sector.

But real estate as a sector has been impacted just like any other sectors of the economy. And we have seen the trends that were happening previously being accelerated. And the impacts on the sector have been drastic for some assets classes. And some sectors have been hardest hit than others because obviously the impact hasn’t been felt the same way across sectors.

Finally, she said that the low to middle income residential sector particularly is still very attractive, with a shortage of housing, having a huge gap mainly in the affordable, low cost and the middle-income housing. And those are sectors that our financial institutions have been happy and have had an appetite to support. Judy encouraged people to think about investing or going into affordable low cost housing and also starting schemes like build to rent or rent to buy, a sector that have not really been tried and tested in our market but a very good option or asset class for investors.

Michael. K. Mugabi, Managing Director, Housing Finance Bank Ltd said that the bank, which is an indigenous bank, has for the last 53 years of tailored financing solutions for growing customer base, uniquely into financing housing and mortgages to enable people acquire houses for all occupy without rent, but have since grown into a fully-fledged commercial bank.

Uganda’s housing unit is growing at an annual rate of about 200,000 units, and estimated to grow to about 2.6 million units over the next 10 to 20 years. Uganda has one of the highest urbanisation rates of 5% on the African continent coupled with fast growing population. This is an indication of many opportunities for developers and investors who want to participate in rental space.

Several of our customers in the diaspora have actually taken on these opportunities and are happily reaping from the investment options in the real estate sector, Michael added.

Michael recognised the definitely immense stress COVID-19 has presented to customers in the diaspora, and the bank has relief in form of restructuring loans and mortgages for customers who are currently finding it difficult to make their regular monthly instalments to get some form of relief in terms of moratoriums or repayment holidays.

Edwin Musiime, CEO- Crest Group – NTV Host, THE Property Show quoted words from Russell, an American financial politician who said that “real estate is imperishable asset ever increasing in value. It is the most solid security that human ingenuity has devised, it is the basis of all security and about the only indestructible security” and he appealed for Ugandans in the Diaspora to invest in real estate.

Allan Mugisha, CEO SM Cathan said that during and before COVID-19 fixed asset appreciation was between 5% and 7%. He also advised on improving real estate market transparency, especially data.

Advised further on the idea of returning to institutional housing, where government gives housing to public workers like teachers and servicemen, zones for industrial processes. Municipality need to be demanded to invest in neighborhood infrastructure to bring down the cost of the developer to deliver a unit.

Eric Olanya, country director for the Department of international trade explained that, the Department for International Trade, a UK government ministry secures UK and global prosperity by promoting and financing trade, international trade and investment and championing free trade, working as part of DIT Africa hub, which is in 23 countries across Africa, and in January hosted the UK-Africa investment summit in London where Uganda featured really well, with hundreds of £millions of deals signed.

Currently, Eric added, the biggest push for DIT business in Uganda has been using the UK export finance, which is mainly to support so sovereign loans, like funding the developments of the Kabaale International Airport, which is 6% completion, in May, this year, they flagged off the that construction of Namanga Industrial Park, doing many other

Eric disclosed of the recent merger of the two UK government departments of the Foreign and Commonwealth Office, and the Department of international developments into one department called FCDO, it looks at both political engagements, as well as developmental engagements.

Finally, he advised investors to take advantage of the new platform “Africa deal room” (asokoinsight.com/deals/dit/investor) to help bring together ventures that are seeking investment, businesses looking for investment in particular ventures, and those that are looking to finance investments. He was excited to mention that a number of investments are being financed mainly in the region, one to $5 million. He encouraged those who are both seeking investment or looking for investable projects to just register on the on the on the deal from Africa.

Mathias Katamba, Managing Director, DFCU Bank discussed the importance of Why are investment clubs and Saccos becoming a key investment vehicle.

Anthony Kituuka, ED, Equity Bank Uganda LTD gave an insight on some of the transformations adopted during COVID 19, a transformation from cash-based transactions to technology-enabled formats such as mobile money.

Paul Omara, CEO, Ngetta Tropical Holdings Ltd and Non-Executive Director, Housing Finance gave an insight on the role of Staple Crop Processing Zones in laying out the foundation for Uganda’s Agro-industrialisation and contribution to lifting millions of Africans out of poverty.

Perez Ochieng, Director & CEO, SACOMA elaborated on the challenges and requirements for Agro-products from Uganda to access the European market.

As the concluding remarks, the Vice Chairman of the Convention Bernard Magulu said that the success of the convention for the last 10 years has been due to the collaboration and good will of Ugandans in the UK and its dedicated partners like the Uganda government, private sector and friends of Uganda.

Willy Mutenza the founder of the convention hailed the overwhelming support of Ugandans in the Diaspora and the business community and quoted Cesar Chavez “We cannot seek achievement for ourselves and forget about progress and prosperity for our community… Our ambitions must be broad enough to include the aspirations and needs of others, for their sakes and for our own.”

The 11^th Convention is set from 11-12^th September 2021 at London Plaza Hotel. For more information and registration visit http://www.ugandanconventionuk.org/[/vc_column_text][/vc_column][/vc_row]

“Uganda is open for business, and all sectors are on the table of investments. These sectors are Oil and gas, Tourism, Minerals, ICT Business, knowledge base, Water Resources, Industrialisation and Agriculture,” Amb. Julius Peter Moto.

The over 30 years of peace and stability in Uganda has seen major investments sectors becoming successful, the country’s envoy to United Kingdom (London) and Ireland has said.

In his remarks at the 10^th Uganda UK Convention held virtually on 12, September 2020, H.E Julius Peter Moto, said Uganda is open for business and all sectors are on the table of investments.

These sectors, he said, are: Oil and gas, Tourism, Minerals, ICT Business, knowledge base, Water Resources, Industrialisation and Agriculture.

“I thank Mr Willy Mutenza for organising the 10th Uganda UK Convention,” he added.

Due to Covid-19, H.E Moto said “we are unable to meet face to face as we used to. I look forward to the day when we shall be able to do so. However, technology has enabled the virtual meeting today. I also thank the panellists and all the listeners via various media who took time off their weekend schedules to log on and learn”.

The High Commissioner further told the participants that under the leadership of H.E President Museveni, government of Uganda recently launched the Third National Development Plan (NDPIII) that aims at implementing the Uganda Vision 2040.

Uganda Vision 2040 statement is “A Transformed Ugandan Society from a Peasant to a Modern and Prosperous Country within 30 years”.

“Ladies and Gentlemen, recall that Uganda Vision 2040 that was approved by Cabinet in 2007, was conceptualized around strengthening the fundamentals of the economy to harness the abundant opportunities around the country,” he adds.

He reminded the participants that the NDPIII has 5 objectives, namely:

• Enhancing value addition in Key Growth Opportunities (Agriculture, Tourism, Minerals, Oil and Gas and Knowledge).
• Strengthening the private sector to drive growth and create jobs,
• Consolidating and increasing the Stock and Quality of Productive Infrastructure,
• Increasing Productivity, Inclusiveness and Wellbeing of the Population,
• Strengthening the role of the public sector in the growth and development process.

“Therefore, this virtual meeting that shall address 3 focus sectors namely Real Estate, Agribusiness and Finance and Banking fits within the government of Uganda NDPIII objectives. These are critical sectors for economic growth and development.”

“Real estate caters for shelter which is a basic human need, as Agribusiness caters for food another basic human need. Financial institutions provide much needed services, including capital, which is a key enabler for all sectors.”

In the discussions today, he said, we should focus on how to tap into the vast opportunities in these key sectors, and especially how to improve access to financing and capital at affordable rates.

He emphasized that Uganda is open for business and all sectors are on the table of investments. These sectors are Oil and gas, Tourism, Minerals, ICT Business, knowledge base, Water Resources, Industrialisation and Agriculture.

According to Mr Moto, Uganda welcomes investors in these sectors, adding that this has been made possible by total peace and stability that Uganda has enjoyed for over 30 years, favourable investment laws & incentives, a large population in east, southern and central Africa averaging 300 million consumers, a highly trainable manpower base, and improvements of infrastructures that facilitate businesses.

“There are strategic landmarks and outputs that were achieved under the NDP1 & NDP II that need to be consolidated with lessons learned along the path of projects implementations, all aimed at making the ease of doing business in Uganda better,” he concluded.

The convention was attended by Her Royal Highness Sylvia Nagginda, The Nnabagereka of Buganda, Chairman of Uganda UK Convention, Mr Willy Mutenza, among other high profile people. Source: tndnewsug

A BIG thank you for all those who managed to attend the 10th Virtual Uganda Convention-UK on the 12 Sept2020. A special gratitude to HRH Sylvia Nagginda, The Nnabagereka and H.E Amb. Julius Peter Moto, Uganda’s High Commissioner for honouring the event with their presence.

Thank you again for being part of our journey to encourage the Diaspora community to especially work towards financial independence. There is nothing more powerful than when communities come together to share ideas, experiences, and hope. We trust that the event has enabled you to come closer to achieving your personal and professional goals and vision.

On behalf of the organising team, please forgive us for any hiccups that you may have experienced on the day. We assure you that we work tirelessly to continually improve the delivery of this annual event.

Please take a moment and give us your feedback, it is very critical in our ongoing effort to improve our services.

Thanks go to all volunteers who helped on the day and whose support and contribution are highly appreciated.

And special thank you to our  supporters, partner and sponsors not to mention: Dfcu Bank | Housing Finance Bank Ltd | Crest Group, The Property Show | Equity Bank | Universal Multipurpose Enterprises | Fakhruddin Properties | Comfort Homes | Mint Homes Ltd | Universal Multipurpose Enterprises Limited | Cinam Investments Ltd | Universal Readymix| Thepromotar | Universal Cornerstone Ltd | Yufundme| Ugandic | Actionwealth Publishing | WanaEnergy | Uganda Agribusiness Alliance and Eric Wilkins Apartments.

And all those, who, in one way or another, have given their encouragement and shared ideas to make this virtual Uganda UK Convention a truly outstanding success.

We are pleased to let you know that most of the presentations from this year’s conference will be available online at www.ugandanconventionuk.org.

We wish you all the best of luck as you seek to achieve your objectives in doing business in Uganda. Enjoy the rest of the year.

And finally, make sure you mark your calendar for the 2021 Convention to take place from 11-12th Sept 2021 at Park Plaza Hotel London.

Warm regards,

Mr. Willy Mutenza chairman

UGANDAN UK CONVENTION
Ugandan UK Trade & Investment Forum
Tel: 07790 647089 | 0207 237 7317

FB: facebook.com/ugandan.conventionuk

Ytube: ugandansinuk | Twitter: UGConventionUK

www.ugandanconventionuk.org

[vc_row][vc_column css=”.vc_custom_1599063499098{background-color: #42145f !important;}”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Due to the current Coronavirus storm we are adjusting to operating in restrictive circumstances without compromising our delivery strategy!

The Uganda ConventionUK is aiming to maximise online tools to deliver a unique experience to our audience.

We invite you to join us virtually at the 10th anniversary of the UgandaUK Trade & Investment Virtual Convention2020 schedule on the ???? ????????? ???? at 12PM 2PM (UK GMT) | 2PM 6PM (UGANDA EAT), streamed live on Youtube, Zoom and Facebook Live.[/vc_column_text][/vc_column][/vc_row][vc_row css=”.vc_custom_1599064315418{background-color: #d6d6d6 !important;}”][vc_column width=”1/4″][vc_empty_space][vc_single_image image=”34216″][/vc_column][vc_column width=”3/4″][vc_empty_space][vc_column_text]

??? ????? ???????? ?????? ????????, (?????) ??????????? ?? ??????? will deliver keynote note remarks on “Recognising Women in building a post covid19 equal, inclusive and resilient Uganda”.

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]This will be a great occasion to help businesses, members of the Diaspora and government officials connect with people shaping the future of the Uganda economy.

We have always taken pride in the fact that UCUK forum brings together experts, business leaders, professionals and representatives from prominent organisations based in Uganda, the UK and beyond.

Uganda has been consistently drawing the highest FDI in East Africa, attracting between $250 – 300 million in FDI annually between 2010 and 2016 – largely due to its stable and consistent macroeconomic policies, liberalized business environment, proximity as a logistics hub within the Great Lakes region and increased regional trade. British investors were particularly active, with 10 project commitments, followed by Dutch companies.

The forum brings together experts, high profile business and government delegates from Uganda and UK, business leaders, Ugandans in the Diaspora, professionals and representatives from prominent organisations based in Uganda, the UK and beyond. Delegates have access to UpToDate information on the vast potential for investment that Uganda offers to both the domestic and international community. They can acquire business tips, obtain relevant literature on priority sectors for investment, take part in an interactive Q & A chat engagement with speakers and hear about the realities of doing business in Uganda.[/vc_column_text][/vc_column][/vc_row][vc_row css=”.vc_custom_1599064344714{background-color: #eaeaea !important;}”][vc_column][vc_single_image image=”33219″ img_size=”full” onclick=”custom_link” link=”https://www.ugandanconventionuk.org/download-brochure/”][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_column_text]Speakers | Panellists include:

•     Ambassador Peter West British High Commissioner to Uganda
•     H.E Amb. Julius Moto, Uganda’s High Commissioner to UK
•     Michael. K. Mugabi, Managing Director, Housing Finance Bank Ltd
•     Anthony Kituuka, Executive Director, Equity Bank Uganda LTD
•     Mathias Katamba, Managing Director, DFCU Bank
•     Eric Olanya, Head of Trade, DIT, British High Commission in Kampala
•     Judy Rugasira, Managing Director Knight Frank Uganda
•     Bernard Robinson Magulu, Executive Director, Bank of Africa
•     Allan Mugisha, CEO SM Cathan
•     Paul Omara, NonExec. Director, ICEA Lion Uganda
•     Perez Ochieng, Director & CEO at SACOMA
•     Edward Katende, CEO, Uganda Agribusiness Alliance
•     Peter Kimbowa, IFE consults
•     Geoffrey Ssemaganda, CEO Action Wealth
•     Joseph Kiggundu, Director, One Stop Centre, UIA
•     Qusai Haidry, Fakhruddin Properties
•     Dr. Emmy Wasirwa, Director, WANA SOLUTIONS LTD
•     Phiona Mbabazi Naava, General Manager MINT HOMES
•     Cissy Namaganda, CEO Cinam Investments
•     Abbas Rasheed, General Manager, Universal Properties
•     And many others

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[/vc_column_text][vc_row_inner][vc_column_inner width=”1/3″][vc_column_text]Real Estate:

• How has the Covid Crisis impacted the real estate sector and what opportunities has it presented on both the supply and demand side.
• What are some of the key building blocks to an equitable post Covid recovery of the real estate sector? Will the sector be able to bounce back?
• Price & Yield Comparison: Reviewing current rental income, Is return on investment (ROI) in rental properties making any business sense considering the rental value vs cost of investment?

Understanding Property Values:

• How have property values changed over the past 5 years and what do we expect to see going forward? What factors are dictating these trends?
• What advice would you give to the Ugandan diaspora who wants to own a home in Uganda?

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What are the innovative ways that can be used by Ugandans in the diaspora to build financial capacity to invest in real estate development? A case of investment clubs, joint ventures, saccos

FINANCE AND BANKING: SAVING IN AN INVESTMENT CLUBS AND DIASPORA REMITTANCES.

• Why are investment clubs and Saccos becoming a key investment vehicle and what are some of the initiatives/solutions that the bank has put in place that will benefit the Ugandans in the diaspora
• Remittances and Beyond: COVID 19 impacts: COVID19 encourage a transformation from cash-based transactions to technology enabled formats such as mobile money. Many alternative platforms already exist, for example, Moneygram, WorldRemit or Western Union. However, these platforms are not preferred because of high exchange rates and fees. Is there plans by the banking sector to reduce exchange rates and fees?

[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/3″][vc_column_text]AGRIBUSINESS: UNTAPPED INVESTMENT OPPORTUNITIES

• What are the challenges and requirements for Agriproducts from Uganda to access the European market?
• Which are the subsectors within Agro processing sectors with greatest potential to bring Uganda and UK investments while boosting global exports from Uganda?
• The role of Staple Crop Processing Zones in laying out the foundation for Uganda’s Agro industrialisation and contribution to lifting millions of Africans out of poverty.
• How to support entrepreneurs in the Agri sector (notably “initial stage” project developers) to develop bankable projects and crowd in investments.

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Affordable Housing:

• From a developer’s viewpoint, how do you define affordable to the Ugandan diaspora who wants to invest in property back home?
• The affordable housing sector in Uganda has given the real estate sector a shift with new developers disrupting the market with affordable properties. The surge is boosted by foreign developers with access to cheap loans. What is the current state of affordable housing? And what opportunities do you see for the local developers?
• Condominium ownership has become part affordable housing, what is condominium ownership and what does it mean for one to invest in condominium property?
• How can affordable housing projects be made commercially viable for developers?
• what are the unique challenges from a real estate project delivery perspective in Uganda?
• What steps can be taken to reduce the affordable housing shortage? And what is the expected demand for affordable housing?

Bridging the Financial gap in the real estate sector:

• What are the alternative financing solutions that the bank has provided to investors in the real estate sector to make housing credit affordable (developers and the rest)?
• COVID 19 has had a huge impact on the real estate sector, how have banks come in to support and ensure we don’t see a collapse in the sector?

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Mr. Kituuka will be discussing feasible investment and banking opportunities for Diaspora customers at the first virtual UK-Ugandan convention on the ???? ????????? ???? at 12PM – 2PM (UK GMT) | 2PM – 6PM (UGANDA EAT), streamed live on Youtube, Zoom and Facebook Live.

Anthony holds an MBA in Oil and Gas from Middlesex University, London and a Bachelor’s Degree in Statistics and Applied Economics from Makerere University, Uganda. He is a Fellow of the Association of Chartered Certified Accountants Certificate (FCCA) and has completed an Advanced Management Program from Strathmore, Lagos and IESE (Spain) Business Schools as well as several other executive leadership programs at Gordon Institute of Business and INSEAD. He has over 13 years banking experience and has previously worked with Kenya Commercial Bank (KCB) and Barclays Bank Uganda Limited. He joined Equity Bank in 2014 and was previously the Group Executive Director for Regional Subsidiaries.

Ugandans in the Diaspora are offered by Equity Bank an easy platform to run bank accounts back home at their convenience thanks to e-banking services that have been introduced to them by Equity Bank Uganda.

Download the programme https://www.ugandanconventionuk.org/download-brochure/

The convention is honoured also to host ??? ????? ???????? ?????? ????????, (?????) ??????????? ?? ??????? as the keynote speaker on “Recognising Women in building a post covid-19 equal, inclusive and resilient Uganda”.

Speakers | Panellists include:

• –    Ambassador Peter West British High Commissioner to Uganda
• –    H.E Amb. Julius Peter Moto, Uganda’s High Commissioner to UK
• –    Michael. K. Mugabi, Managing Director, Housing Finance Bank Ltd
• –    Anthony Kituuka, Executive Director, Equity Bank Uganda LTD
• –    Mathias Katamba, Managing Director, DFCU Bank
• –    Eric Olanya, Head of Trade, DIT, British High Commission in Kampala
• –    Judy Rugasira Kyanda, Managing Director Knight Frank Uganda
• –    Bernard Robinson Magulu, Executive Director, Bank of Africa
• –    Allan Mugisha, CEO SM Cathan
• –    Paul Omara, Non-Exec. Director, ICEA Lion Uganda
• –    Perez Ochieng, Director & CEO at SACOMA
• –    Edward Katende, CEO, Uganda Agribusiness Alliance
• –    Peter Kimbowa, IFE consults
• –    Geoffrey Ssemaganda, CEO Action Wealth
• –    Joseph Kiggundu, Director, One Stop Centre, UIA
• –    Qusai Haidry, Fakhruddin Properties
• –    Dr. Emmy Wasirwa, Director, WANA SOLUTIONS LTD
• –    Phiona Mbabazi Naava – General Manager – MINT HOMES
• –    Cissy Namaganda, CEO Cinam Investments
• –    Abbas Rasheed, General Manager, Universal Properties
• –    And many others

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Real Estate:

• How has the Covid Crisis impacted the real estate sector and what opportunities has it presented on both the supply and demand side.
• What are some of the key building blocks to an equitable post covid recovery of the real estate sector? Will the sector be able to bounce back?
• Price & Yield Comparison: Reviewing current rental income, Is return on investment (ROI) in rental properties making any business sense considering the rental value vs cost of investment?

Understanding Property Values:

• How have property values changed over the past 5 years and what do we expect to see going forward? What factors are dictating these trends?
• What advice would you give to the Ugandan diaspora who wants to own a home in Uganda?

Affordable Housing:

• From a developer’s viewpoint, how do you define affordable to the Ugandan diaspora who wants to invest in property back home?
• The affordable housing sector in Uganda has given the real estate sector a shift with new developers disrupting the market with affordable properties. The surge is boosted by foreign developers with access to cheap loans. What is the current state of affordable housing? And what opportunities do you see for the local developers?
• Condominium ownership has become part affordable housing, what is condominium ownership and what does it mean for one to invest in condominium property?
• How can affordable housing projects be made commercially viable for developers?
• what are the unique challenges from a real estate project delivery perspective in Uganda?
• What steps can be taken to reduce the affordable housing shortage? And what is the expected demand for affordable housing?

Bridging the Financial gap in the real estate sector:

• What are the alternative financing solutions that the bank has provided to investors in the real estate sector to make housing credit affordable (developers and the rest)?
• COVID 19 has had a huge impact on the real estate sector, how have banks come in to support and ensure we don’t see a collapse in the sector?
• What are the innovative ways that can be used by Ugandans in the diaspora to build financial capacity to invest in real estate development? A case of investment clubs, joint ventures, saccos

FINANCE AND BANKING: SAVING IN AN INVESTMENT CLUBS AND DIASPORA REMITTANCES.

• Why are investment clubs and Saccos becoming a key investment vehicle and what are some of the initiatives/solutions that the bank has put in place that will benefit the Ugandans in the diaspora
• Remittances and Beyond: COVID 19 impacts: COVID-19 encourages a transformation from cash-based transactions to technology-enabled formats such as mobile money. Many alternative platforms already exist, for example, Moneygram, WorldRemit or Western Union. However, these platforms are not preferred because of high exchange rates and fees. Is there plans by the banking sector to reduce exchange rates and fees?

AGRIBUSINESS: UNTAPPED INVESTMENT OPPORTUNITIES

• What are the challenges and requirements for Agro-products from Uganda to access the European market?
• Which are the sub-sectors within Agro-processing sectors with greatest potential to bring Uganda and UK investments while boosting global exports from Uganda?
• The role of Staple Crop Processing Zones in laying out the foundation for Uganda’s Agro-industrialisation and contribution to lifting millions of Africans out of poverty.
• How to support entrepreneurs in the Agri sector (notably “initial stage” project developers) to develop bankable projects and crowd-in investments.

???????? now for updates and alerts: www.ugandanconventionuk.org/

Join Mugisha Turyahikayo Allan, Managing Partner at S-M Cathan Property Consult Limited discussing Bridging the impact COVID 19 has had on the real estate sector in Uganda at the UgandaUK Trade & Investment Virtual Convention2020 schedule on the ???? ????????? ???? at 12PM – 2PM (UK GMT) | 2PM – 6PM (UGANDA EAT), streamed live on Youtube, Zoom and Facebook Live.

Mugisha Turyahikayo Allan is a holder of a Bachelor’s degree in Land Management and Valuation from the University of Dar-es-Salaam, Bachelors of Laws Makerere University, Diploma Legal Practice from the Law Development Centre and a Masters of Business Administration at ESAMI Business School.

Mugisha is a Managing Partner at S-M Cathan Property Consult Limited and former Council Member and Honorary Secretary of the Institute of Surveyors in Uganda, 2007 to 2017. Mugisha Allan is also an Advocate of the High Court of Uganda and a Registered Valuer with the Surveyors Registration Board in Uganda. Mugisha is a Director of SREIDS East Africa, a regional Built Environment Professional Training School currently in promotion, a Trustee of the International Ethics Standards Coalition and a PhD applicant at Arthdi University examining Urban Wealth Governance.

??? ????? ???????? ?????? ????????, (?????) ??????????? ?? ??????? will be the keynote speaker on “Recognising Women in building a post covid-19 equal, inclusive and resilient Uganda” at the UgandaUK Trade & Investment Virtual Convention2020 schedule on the ???? ????????? ???? at 12PM – 2PM (UK GMT) | 2PM – 6PM (UGANDA EAT), streamed live on Youtube, Zoom and Facebook Live.

Speakers | Panellists include:

• –    Ambassador Peter West British High Commissioner to Uganda
• –    H.E Amb. Julius Peter Moto, Uganda’s High Commissioner to UK
• –    Michael. K. Mugabi, Managing Director, Housing Finance Bank Ltd
• –    Anthony Kituuka, Executive Director, Equity Bank Uganda LTD
• –    Mathias Katamba, Managing Director, DFCU Bank
• –    Eric Olanya, Head of Trade, DIT, British High Commission in Kampala
• –    Judy Rugasira Kyanda, Managing Director Knight Frank Uganda
• –    Bernard Robinson Magulu, Executive Director, Bank of Africa
• –    Allan Mugisha, CEO SM Cathan
• –    Paul Omara, Non-Exec. Director, ICEA Lion Uganda
• –    Perez Ochieng, Director & CEO at SACOMA
• –    Edward Katende, CEO, Uganda Agribusiness Alliance
• –    Peter Kimbowa, IFE consults
• –    Geoffrey Ssemaganda, CEO Action Wealth
• –    Joseph Kiggundu, Director, One Stop Centre, UIA
• –    Qusai Haidry, Fakhruddin Properties
• –    Dr. Emmy Wasirwa, Director, WANA SOLUTIONS LTD
• –    Phiona Mbabazi Naava – General Manager – MINT HOMES
• –    Cissy Namaganda, CEO Cinam Investments
• –    Abbas Rasheed, General Manager, Universal Properties
• –    And many others

???? ?????? ?? ??????????

• –    Agribusiness – Opportunities for Ugandans in the Diaspora
• –    How can Ugandans in the diaspora invest in real estate development?
• –    How have property values changed over the past 5 years?
• –    Advice to Ugandan diaspora who wants to own a home in Uganda?
• –    What is the current state of affordable housing?
• –    Alternative financing solutions for investors in the real estate sector.
• –    Investment Clubs: Why are investment clubs becoming a key investment for Diasporans?
• –    What is condominium ownership and investing in condominium property?
• –    Agribusiness – Challenges and requirements to access the European market?

???????? now for updates and alerts: www.ugandanconventionuk.org/

Internationally acclaimed property developers, FAKHRUDDIN PROPERTIES will be participating at the UgandaUK Trade & Investment Virtual Convention2020 on 12th September 2020 at 12PM – 2PM (UK GMT) | 4PM – 6PM (UGANDA EAT).

The Founder and Chairman of the UGANDA UK CONVENTION (UCUK), Mr. Willy Mutenza, expressed his satisfaction at having a real estate development company of the caliber of FAKHRUDDIN PROPERTIES join this prestigious event.

Mr. Mutenza further commented that there was a huge deficit of housing in Uganda and FAKHRUDDIN PROPERTIES is pioneering the drive to provide premium quality, modern homes at truly affordable prices.

The Marketing Director of FAKHRUDDIN PROPERTIES UGANDA, Mr. Haidry stated that taking part in UCUK was a source of great pride for the company.

“We are passionate about housing and our principal business goal in Uganda is to ensure that every Uganda can own a home. In Willy Mutenza we have found someone who shares this passion and who has been working tirelessly towards achieving that”.

“Access to ownership of homes in Uganda has thus far been limited to a very small section of the population because good quality homes are priced beyond the reach of the majority of Ugandans. We intend to change that. With proper planning and efficient systems it is absolutely possible to construct modern, quality homes which can be sold at truly affordable prices whilst still generating a profit for the developer”, said Haidry.

Current data indicates a housing deficit of 1.2 million homes in Uganda with a further 300,000 required year on year.

The company has structured a long term business plan aimed at developing several similar projects all across Uganda.

In celebration of our 10th anniversary, we are bringing our most senior line-up yet. Expect insights from senior leaders at the forefront of doing business in Uganda, impactful presentations, real-world case studies, interactive sessions, and virtual networking – Direct to your home.

We have always taken pride in the fact that UCUK forum brings together experts, business leaders, Leaders, Diasporas and Industry experts to connect with people shaping the future of Ugandan economies.

Together is the only way we will get through these difficult times!

For updates, alerts on the day, register now @

https://www.ugandanconventionuk.org/register-for-virtual-convention2020/

www.ugandanconventionuk.org/

Streamed live on Youtube | Zoom | Facebook Live