President Yoweri Kaguta Museveni emphasised the importance of peace and security for business success during the 5th Bi-Annual Private Sector CEO Retreat at Serena Hotel, Kampala. He highlighted the successful resolution of security issues in West Nile, Acholi, and the Northeast as crucial for business to thrive.
The President also highlighted the government’s strategies for economic development, including full monetisation of the economy, increasing access to electricity, and developing infrastructure such as roads and railways.
Key takeaways from the President’s remarks:
- Peace and security are critical for business success.
- Full monetisation of the economy is essential for economic growth.
- Increasing access to electricity and developing infrastructure are key priorities.
- Effective utilisation of increased funds for road maintenance in Northern Uganda
- Providing affordable electricity at five American cents per kilowatt for manufacturers
- Mechanisation of agriculture and biological methods for controlling diseases and pests are crucial for agricultural productivity.
The retreat focused on discussions on commercial agriculture, agro-industrialisation, cross-border trade, value addition, transport, and logistics. Participants included farmers, players in Northern Uganda’s agricultural value chain, and government officials.
Resolutions from the retreat:
- Transforming Northern Uganda into a commercialised production and logistics hub for exports
- Creating value chains across the region
- Utilising resources effectively for economic development
- Achieving full monetisation and formalisation of the economy
- Promoting value addition and export-based agro-industrialisation
The event was attended by the Prime Minister, Ministers, Members of Parliament, and other stakeholders.
