KAMPALA — Mr. David Anderson the Chief Executive Officer (CEO) of Anderson Royal Industries and former Advance and Presidential Personnel to the US’ President Barack Obama is excited by Uganda’s investment climate.
Anderson who is Kampala courtesy of Isaac Kigozi the Managing Director, East African Partners (EAP) a company that markets the region as an investment destination says Uganda country has got enormous investment opportunities with a good environment that favors growth of any business.
This website has leant that Anderson is expected take up investment in Uganda’s Real Estate Industry and the Agriculture sector.
Several African governments including Ugandan authorities have for long rallied African Americans and African scholars and business owners to refresh their memory on their remote by investing home.
In Uganda, President Museveni who is known for supporting the same, at a recent address said the country’s economy will grow in double digits in the near future when all its ongoing infrastructure projects are completed.
The president said opportunities for investment in Uganda include grain milling for the manufacture of livestock feeds, agro processing, textile manufacture, vehicle assembly and manufacture, and herbal pharmacy.
Anderson’s coming to Uganda he said, was in response to President Museveni call but also cited the recent the brutal treatment against AfroAmericans.
He said that Uganda being a Developing country with a good Social, investment environment, it poses a lot of opportunities to any investor across the
At a meeting with Ministry of Foreign Affairs officials in Kampala, Anderson said his company with over 15 companies with a net worth of $101Million will take up investment in other areas of interest.
“We have got a range of businesses dealing in Software Technology, Real Estate, Commodities Trading, Logistics, Advanced Medical Technology and Virtual Education and we would wish to establish the same in Uganda,” Anderson said.
“To begin with, we shall take up investment in the Agriculture sector by engaging in Agro-processing and Value addition as well as Real Estate. For the start, we are looking at invest between $10m to $20m for a period of five years.”
Ambassador Dickson Ogwang the Ministry Head of Diaspora Affairs Department lauded the businessman for yielding to the call of returning home.
Ogwang noted that his office will coordinate the different departments and Ministries in the country to ensure that Anderson is granted all the support he needs to establish his company in the country.
He commended Mr. Kigozi for his continued effort towards encouraging investor into the country which in the long run has worked to improve Uganda’s economy.
Amb. Abbey Walusimbi, a
Senior Presidential Adviser on Diaspora Affairs who also attended the meeting welcomed Mr. Anderson on behalf of President Museveni and assured him of ensuring the success of his investment in Uganda.
“We embrace you on behalf of the President, you are welcome home and we are glad that you have come with all the necessary skills that can be used to transform the lives of Ugandans,” Walusimbi said.