THE HOME IS BEST DIASPORA SUMMIT 2015 Masaka Realizing my Dream Investment’ Realizing my Dream Investment’ REPORT Group Photo with H.E. Edward Sekandi, Vice President of Uganda 1.0: Background 1.1: Introduction Since 2003 Uganda Investment Authority (UIA) This year, the Home is the Best 2015 Summit was in collaboration with other government agencies held in Masaka town at the Brovad Hotel under the and the Private Sector in Uganda have bee organ- theme ‘Realizing my Dream Investment’. The core izing the Diaspora Investment Summit, under the objectives of the summit were to: theme “Home is best”. Since 2009, the Summits i) Rejuvenate the economy of Greater Masaka took on a regional dimension and have been hosted through increasing the productivity of agricultural rotationally in different regions. products and investing in tourism services and the The main objective of this is to creation of tourism products i) enable the Ugandans in the Diaspora to ii) Review the achievements of the last appreciate the economic development all over the 8 summits in order to gain strategic direction country; that will benefit all the participants (both those ii) provide the opportunity to explore firsthand residing in the Diaspora and their partners and / or the investment opportunities in the different regions; stakeholders in Uganda) iii) Establish a sustainable platform for dialogue iii) Further strengthen the Uganda dias- and networking between Government on one hand pora partnership with private sector through and both Ugandans living in the Diaspora and trade, investment and transfer of expertise and those residing the country, on the other hand. technology, as well as interaction with public sec- Regional Summits held so far tor back home through dialogue and exchange of ideas in formulating enabling policy for Ugandans YEAR VENUE in the Diaspora to engage favourably in Uganda’s 2009 Lira development 2010 Mbale iv) To highlight the Greater Masaka Industrial 2011 Gulu and Business Park being spearheaded by the Vice 2012 Mbale President H.E. Edward K. Ssekandi and whose 2014 Gulu foundation stone was laid by the President H.E. 2015 Masaka Yoweri K. Museveni early this year as a way of galvanizing investments closer to the six districts forming the Greater Masaka region Roofings Group, Bank of Uganda, East Africa Trade v) Reaffirm the Ugandan Diaspora com- and Investment Hub, and Stanbic Bank. mitment to participate in the National Develop- He requested the business community from ment Programs at a local level in all the regions of Masaka in attendance to show case the regions Uganda. business potential in a bid to attract their fellow The event took place over a two day period with brother and sisters in the Diaspora to invest. He an SME exhibition beginning on Thursday 17th said ‘we need to move away from lamenting on how December while the Summit meeting took place on Masaka was a long time ago. Our interest is to have Friday 18th December 2015 a vibrant Masaka’. He informed the participants that this was already on course because recently the 2.0: The Summit President was breaking the grounds for an indus- trial park which is ‘just a stone throw away’ from The Opening Ceremony was graced by the Vice Bukakata Port, a port that connects three countries. President Hon Edward Sekandi He thanked the Vice president for spearheading the initiative to open the park. 2.1: Welcome Remarks He also thanked government officials committed to the event and diaspora issues and urged them to The remarks were made by Mr Patrick B Kaberenge, implement the ideas and proposals that would arise on behalf of the Chairman, UIA Board of Directors. from the summit discussions in order to achieve He appreciated the support of Government which Uganda’s vision 2014. was evidenced by representation at one of the high- He concluded his welcome remarks by inviting the est levels, in the person of the Vice President. He participants to ensure that they visit the SME Ex- thanked him for honoring UIA’s invitation. He was hibition, where Ugandans in business were hop- also grateful for all the sponsors of the event, who ing for partnerships to expand their businesses and included UNDP, the Ministry of Foreign Affairs, get more market for their products and services. He L-R: H.E. Edward Kiwanuka Sekandi, welcomed by Eng Dr Frank Sebbowa (ED UIA), Mr Patrick Byabakama Kaberenge and Ambassador Zaake, Uganda’s Ambassador to the Nordic Countries thanked the UIA team for arranging the Summits sector and proceeded to invite the Vice President to every year often with inadequate funding; a matter open the Summit officially. which he said would be raised with Vice President to make a case for assured funding. With assured 2.3: Summit Opening Speech funding and the investment law which is being reviewed, UIA will do better. H.E. Edward Sekandi, on behalf of the Government of Uganda, welcomed the Ugandans in the Dias- pora as well as the business community members in Masaka and those who had traveled for other parts of Uganda to attend the Summit. He saluted the efforts of all those in the Diaspora who had exhibited faith in the ongoing progresses and in- vested in various sectors in the country. He applauded all efforts at providing a good in- vestment environment and was particularly pleased with the industrial parks implementation. He informed participants that Greater Masaka was also establishing an industrial park on a square mile of land off the road to Bukakata Port on Lake Victoria, and UIA was giving technical support. He called upon the Ugandans in the Diaspora to work Hon Dr Eng Ajedra Gabriel Aridru, diligently with UIA for the industrialization of the Minister of State for Investments country. He urged them to come back home and set up enterprises in the existing and earmarked 2.2: Introductory Remarks industrial parks. He informed them the at the NRM government had prioritized infrastructure develop- Hon Dr Eng Ajedra Gabriel Aridru ment and was investing heavily in the construction welcomed colleagues in the Diaspora. He informed of roads, dams and railways, as well as water trans- participants that he too, had lived in the dias- port. All these combined with the investor friendly pora for twenty years. He said it was the duty of policies provide a good environment to invest in. the Ministry of Finance, Planning and Economic He assured the participants that Government was development to ensure that investments are imple- on course in fighting corruption, which was a con- mented as planned. He assured the meeting that cern aired out regularly by the Ugandans in the the Investment Amendment Bill is currently before Diaspora. All the systems had been strengthened cabinet and will soon go to Parliament and when and culprits were being apprehended successfully. enacted it will certainly create a better investment He also allayed the fears of the Diaspora Ugandans environment. regarding discriminative incentives biased towards He welcomed the Diaspora Ugandans to invest foreign investors. He said all investors can access back home despite their uncertainty. He was aware the same incentives at the same levels of investment. of the questions like ‘when I go back home will I get H.E. Edward Sekandi assured the participants that my feet on the ground; when I go back what can I Government was aware of the issues affecting Ugan- put in place?’. He agreed that it was a bit difficult to dans in the Diaspora and through the Ministry fit back in society after being away for a long time of Foreign Affairs, would attend to them in times but encouraged them to prepare like he did because of need. coming back home was inevitable. While declaring the 8th Home is Best Diaspora He suggested that they interact with existing Summit officially open, He thanked the organizers private sector in Uganda to know the areas of in- of the event and the private sector companies that vestment. He said real estate and agro processing had supported the Summit. He urged the people were very viable investments. He said agro process- from the eight districts of Greater Masaka to net- ing machines cost about 15,000 to 20,000 US dol- work and benefit from the knowledge and ideas lars, with which one can start a thriving business. exchanged during the Summit. He later proceeded He urged the Ugandans in the diaspora to look for to tour the SME Exhibition and have a 30 minute partners to participate in the upcoming oil and gas exclusive dialogue with the Ugandans in the Dias- pora. The full speech is annexed ing the recently concluded Jua Kali Exhibition in Dar es salaam. She stated that her greatest chal- 3.0: SME Exhibition lenge was the limited access to markets, to which she received a number of responses. The SME exhibition was carried out alongside the plenary sessions at the Summit. The overall objec- 4.0: Diaspora Exclusive Dialogue with the tive of this exhibition was to provide a platform Vice President through which domestic investors and Ugandans based in the Diaspora could exhibit their products The 30 minute meeting, which was also attended and services. by the Minister of State (Investments), Hon Gabriel Twenty four (24) exhibitors confirmed participa- Ajedra; the Assistant Country Director UNDP, Ms tion but only 18 actually exhibited. The following Patience Alidri; the Vice President of the Ethiopia firms/institutions/ individuals took part in the ex- Diaspora Association (EDA), Dr Alebachwe Bey- hibition: Buganda Land Board, Lunas Enterprises ene; the Acting Chairman UIA Board, Mr Patrick (U) LTD, EATIH, Diamond Real estate, Mirembe Kaberenge; and the Executive Director UIA, Eng Villas, Kibinge Coffee Farmers Cooperative So- Dr Frank Sebbowa, was moderated by Uganda’s ciety, Bank Of Uganda, Uganda revenue Authority, Ambassador to the Nordic countries Amb Zaake Numa feeds Ltd, The shea House, Eco Group LTD, Kibedi.