- 13th UK-Uganda Investment and Trade Summit 2023 -

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Navigating Uganda's Economic Transformation: Dr. Peter Kimbowa's Vision at the UK-Uganda Summit

The 2023 UK-Uganda Trade Summit

Dr. Peter Kimbowa's Strategic Roadmap for Uganda's Growth: Highlights from the UK-Uganda Investment Summit

At the 13th UK-Uganda Convention, Dr. Peter Kimbowa, the Board Chair of the National Social Security Fund (NSSF), presented a comprehensive vision for Uganda's economic transformation. His address was a beacon of strategic insight, focusing on key areas like planning for retirement, technological integration, and investment in agriculture and infrastructure. This summit, aimed at unlocking Uganda's trade, investment, and export potential, provided an ideal platform for Dr. Kimbowa to share his transformative strategies.

Dr. Kimbowa’s Vision for Uganda

The summit’s theme, “Unlocking Uganda’s Trade, Investment, and Export Potential,” resonated with Dr. Kimbowa’s approach to economic growth. His vision encompassed several vital areas:

  1. Planning for Retirement: Dr. Kimbowa emphasized the need for career transition planning, an innovative concept that extends beyond traditional retirement. This approach recognizes the evolving nature of work and the need for continuous engagement beyond the conventional retirement age.
  2. NSSF’s Growth and Technological Integration: Under Dr. Kimbowa’s leadership, NSSF has witnessed remarkable growth, with its assets expanding from $1 billion to $6 billion. The Fund aims to double this figure through technology-driven strategies, indicating a shift towards more sophisticated, efficient, and accessible financial services.
  3. Investment in Agriculture and Infrastructure: Highlighting the fund’s strategic diversification, Dr. Kimbowa pointed out the importance of developing agricultural value chains and ensuring social protection for farmers. This focus on agriculture and infrastructure is crucial for Uganda, a country where these sectors are integral to the economy and social fabric.
  4. Liquidity and Investment: Dr. Kimbowa advocated for a transition from physical to liquid assets, emphasizing NSSF’s role in providing quality investment opportunities. He promoted transformative projects that could leverage these liquid assets for broader economic impact.
  5. Mobilizing Domestic Capital: A key element of Dr. Kimbowa’s vision is the mobilization of domestic capital for development. He underscored the importance of self-reliance and utilizing local resources, a strategy that could lead to sustainable economic growth.
  6. Fostering Economic Growth through Technology: Drawing parallels with India’s economic success, Dr. Kimbowa highlighted the critical role of technology in driving economic transformation. In an era where digital innovation is reshaping global economies, his emphasis on technology as a catalyst for growth in Uganda is both timely and relevant.

Conclusion

Dr. Peter Kimbowa’s presentation at the UK-Uganda Convention provided a lucid and strategic roadmap for Uganda’s economic development. His vision, which integrates agriculture, infrastructure investment, and technological advancements, sets the stage for mobilizing domestic capital and fostering a self-reliant Uganda. The transformative approach of NSSF under his leadership, particularly in embracing technology, serves as a model for sustainable economic growth. Dr. Kimbowa’s strategies offer hope and direction for a prosperous Uganda, charting a course towards a future where economic growth and social development go hand in hand.

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Enhancing Uganda's Economic Growth: Tax Incentives and Investment Opportunities

Summary: “The speaker highlighted the various tax incentives and investment opportunities in Uganda, particularly in strategic sectors like agriculture, education, and tourism. Emphasis was placed on the tax benefits for developing industrial parks and producing for export, encouraging Ugandans in the diaspora to invest back home.”

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A Tribute to Uganda's Immigration Team at Entebbe Airport...

“Whenever I pass through Entebbe Airport, I consistently encounter outstanding customer service from the Ugandan immigration team. Their proficiency and professionalism not only ensure a seamless entry process but also splendidly showcase Uganda’s hospitable nature. Such a high standard of service significantly enhances the travel experience for international visitors like myself.”
13th UK-UGANGA I&T_A-klass Photos (150)
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Remarks by Cllr Ramji Chauhan, Mayor of London Borough of Harrow

Councillor Ramji Chauhan, Mayor of Harrow and the first Uganda-born individual in the role, shared his journey from a Ugandan refugee to UK public servant. Elected in 2010, he’s focused on community service and environmental conservation. He embodies the resilience of Ugandans, contributing significantly to global trade and business.

-Keynote address-

Rt. Hon.

T. Tayebwa

13th annual UK-Uganda Convention

Rt. Hon. Tayebwa conveyed a powerful message about Uganda’s resilience, particularly through the COVID-19 pandemic, highlighting the country’s stable economy and its ability to continue thriving despite closed borders. He assured investors of a secure and conducive environment for investment, referencing Uganda’s remarkable recovery and stability post-independence, and the return of properties to Asians who lost them during tumultuous times.

Gallery 2023

Preview of the 13th Annual UK-Uganda Convention 2023, scheduled for September 8, 2023, in London, hosted at the esteemed Blue Orchid Hotel, London.