Eyewitness  News
  • Home
Sunday, March 26, 2023
  • Home
  • Diplomacy
  • ECONOMY
  • Agriculture
  • Faith
  • Security
  • Tourism
  • International
  • Latest News
No Result
View All Result
  • Home
  • Diplomacy
  • ECONOMY
  • Agriculture
  • Faith
  • Security
  • Tourism
  • International
  • Latest News
No Result
View All Result
Eyewitness  News
No Result
View All Result
  • Home
  • Diplomacy
  • ECONOMY
  • Agriculture
  • Faith
  • Security
  • Tourism
  • International
  • Latest News

Kadaga Calls for Favourable Investment Policies For Ugandans in Diaspora

July 2, 2018
in Latest News
Reading Time: 2 mins read
0
Share on FacebookShare on Twitter

Kadaga calls for favourable investment policies for Ugandans in Diaspora

The Speaker of Parliament, Rebecca Kadaga, has asked government to re-evaluate the Investment Policy in a bid to offer and improve incentives to Ugandans in the Diaspora to invest back home.
Kadaga made these remarks at the opening 2nd Uganda Canada Diaspora Business Expo and Convention held over the weekend in Toronto, Canada.

RelatedPosts

Monitoring of Local Gov’ts Lacking-MPs

Parliament Rejects Govt Report for Lack of Quick Interventions.

Opposition Call off Parliament Boycott

She said that government needs to look into the possibility of making sure that the policy is changed to make it easy for Ugandans in the Diaspora to bring their money into the country for investment purposes.
“We need to look into our incentives to attract business in order for us to compete with other economies which have set up good investment packages that enable people invest in their economies,” she said.

Kadaga cited Canada which grants citizenship to persons who have potential in investing into the Canadian economy.
“I have looked into our system for something that can attract people to invest at home and have not found it. We have concentrated more on tax holidays which alone cannot encourage our diaspora people to invest,” she said.

She said that people in the diaspora have individually made investments but called on government to tap into this potential which will contribute to the development of the country.
“In Ethiopia, the construction of the Inga Dam was a contribution of the people in the Diaspora, whose government put up an investment vehicle which the Ugandan government should copy in order to develop some of our major projects,” Kadaga said.

In a related development, unfavourable cross border trade laws and high taxes on agricultural products have been cited as the biggest hindrances to expansion of the food industry by Ugandans living in the diaspora.

Fugi Taliisa, a partner with Gumax International, a company owned by Ugandans that has invested in the food industry in North America, noted that the high taxes limit the business community in the diaspora from importing large quantities.
“The current process of acquiring licenses for importation of food stuff is so long. This therefore, means that if we are to start importing in large quantities, we shall need such processes to be reduced,” said Taliisa.

He added that reduction of taxes on importation of agricultural products and favourable trade laws will go a long way in creating more income generating opportunities for farmers in Uganda.

“We plan to establish centres in different parts of the country after identifying farmers that we can work with. This will not only enable us import in large quantities, but also provide market to the local farmer while promoting value addition,” said Taliisa.

The Speaker noted the need to expeditiously re-evaluate the Food and Drug Administration Act as one of the ways of encouraging Ugandans in the Diaspora to expand their investments in the food industry.
“Some countries have been able to make a breakthrough and officially import their items in other countries, Uganda should also be able to address such issues. Parliament will discuss this matter once we resume, “said Kadaga.
She further recognized the efforts of the Ugandans in the Diaspora in promoting value addition and creating a value chain.
“If you are going to grow food in Uganda and it ends up in the North American market that is encouraging. You have our full support in that regard,” said Kadaga.

ENDS

Previous Post

World Cup 2018: Mbappe double inspires France to thrilling win over Argentina

Next Post

No Elective Positions For Public Servants -Minister

Related Posts

Monitoring of Local Gov’ts Lacking-MPs
Latest News

Monitoring of Local Gov’ts Lacking-MPs

January 19, 2023
0

Inspection and monitoring of service delivery at local government level remains wanting, according to a section of Members of Parliament...

Read more
Parliament Rejects Govt Report for Lack of Quick Interventions.

Parliament Rejects Govt Report for Lack of Quick Interventions.

April 12, 2022
Opposition Call off Parliament Boycott

Opposition Call off Parliament Boycott

November 20, 2022
Aringa MP- Calls for More Funds For Yumbe Regional Hospital

Aringa MP- Calls for More Funds For Yumbe Regional Hospital

December 7, 2021
Oulanyah Rallies Agago to Take up Vaccination

Oulanyah Rallies Agago to Take up Vaccination

December 4, 2021
Health Consumers Push For Patients’ Rights Law 

Health Consumers Push For Patients’ Rights Law 

October 26, 2021
Next Post
No Elective  Positions For Public Servants -Minister

No Elective Positions For Public Servants -Minister

New Move to Attract Ugandans Into Insurance

New Move to Attract Ugandans Into Insurance

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Phaneroo Boss, Sudhir Grilled Over Nakawa Land

Phaneroo Boss, Sudhir Grilled Over Nakawa Land

April 22, 2022
MPs – Reaction to The State of Nation Address

West Nile MPs, Govt Chief Whip Clash Over Electricity in the Region

January 15, 2023
Peter Magomu Mashate is a London based Ugandan Barrister of the Honourable Society of Lincoln’s Court in London

Ugandan Lawyer Mashate: The Unsung NRM Hero!

March 24, 2019
Gov’t Procures Sh1.9b Bone Marrow Transplant Machines

Gov’t Procures Sh1.9b Bone Marrow Transplant Machines

November 14, 2022
Budget Advocates Concerned With New Wave Of Corruption In Govt.

Budget Advocates Concerned With New Wave Of Corruption In Govt.

1
Musoke Ibrahim a father to Rahim who is now eight years

Being A Good Father Does Not Mean Money But Love & Care

1
URBRA Cautions On NSSF Mid-Term Access 

URBRA Cautions On NSSF Mid-Term Access 

1

Hello world!

0
Discussion To Downsize Parliament  Is Good- Obua

Discussion To Downsize Parliament  Is Good- Obua

March 24, 2023
Govt Entities Struggle to Pay Water Bills.

Parliament Will Not Be Intimidated Over Anti-Homosexuality Bill – Speaker

March 23, 2023
Uganda Parliament Passes The Anti Homosexuality Bill 2023

Parliament Honours Late Speaker – Oulanyah

March 23, 2023
Museveni Rallies Ugandans To Embrace-PDM

UN High Commissioner for Human Rights Urges Museveni  Not to Sign – Anti-Homosexuality Bill

March 22, 2023

Recent News

Discussion To Downsize Parliament  Is Good- Obua

Discussion To Downsize Parliament  Is Good- Obua

March 24, 2023
Govt Entities Struggle to Pay Water Bills.

Parliament Will Not Be Intimidated Over Anti-Homosexuality Bill – Speaker

March 23, 2023
Uganda Parliament Passes The Anti Homosexuality Bill 2023

Parliament Honours Late Speaker – Oulanyah

March 23, 2023
Museveni Rallies Ugandans To Embrace-PDM

UN High Commissioner for Human Rights Urges Museveni  Not to Sign – Anti-Homosexuality Bill

March 22, 2023

Eyewitnessug.com is Licensed by Uganda Communications Commission (UCC) Under Dominion Media Limited.

Dominion Media Limited is registered by Uganda Revenue Authority.

For Advertisement Reach out to Marketing Department via.
Email: [email protected]

Contact us through our Postal Address.
P.O.BOX 21157 Kampala-Uganda.

Browse by Category

  • Agiriculture
  • Agriculture
  • Business
  • Development
  • Diplomacy
  • ECONOMY
  • Editor's Pick
  • Education
  • Entertainment & Arts
  • Enviroment
  • Faith
  • Feature News
  • Governance
  • Health
  • International
  • Latest News
  • obituary
  • Opinion
  • Politics
  • Politics
  • Security
  • Social
  • Sports
  • Technology
  • Tourism

Recent News

Discussion To Downsize Parliament  Is Good- Obua

Discussion To Downsize Parliament  Is Good- Obua

March 24, 2023
Govt Entities Struggle to Pay Water Bills.

Parliament Will Not Be Intimidated Over Anti-Homosexuality Bill – Speaker

March 23, 2023
  • Home

© 2023 Allrights Reserved EYEWITNESS NEWS UGANDA

No Result
View All Result
  • Home
  • Diplomacy
  • ECONOMY
  • Agriculture
  • Faith
  • Security
  • Tourism
  • International
  • Latest News

© 2023 Allrights Reserved EYEWITNESS NEWS UGANDA

error: Content is protected !!