No editorial checks on this article yet

This article is not approvedThe content of this article is not verified by the editorial team of Africanews.com. Read our editorial requirements to see the criteria we use to decide if we publish an article on the homepage of Africanews.

East African Community Investment Conference Opens

  1. Posted on Wednesday 28 April 2010 - 17:27
    mugira
    Image of mugira
    President Yoweri Museveni has invited investors to come and invest in East Africa assuring them that the region is now changing and getting modernized with a clear and definite commitment to a new direction in the management of its affairs.

    This, he says is providing a peaceful and stable environment for productivity, trade and investment.

    Museveni was today officially opening the 3rd East African Community Investment Conference at Speke Resort Munyonyo in Kampala. The 3 day meeting has attracted participants from the 5 East African countries compost of the business community as well as senior Public servants. The Leaders of the 5 East African countries are expected to join the conference later.

    He noted that the East African Region is ripe and ready for new massive infusions of investments stressing that the region has all it takes as a competitive emerging vibrant market.

    “If you come now, you will be here at the right time and place, “he assured existing and potential investors from East Africa and beyond.

    The President told participants of the 3rd EAC conference that the only bottle neck that is to be removed is of revamping the existing infrastructure that includes the building of the railway line and the generation of adequate electricity.

    “In the next 5 years Uganda should be able to generate 3,800 megawatts and in 15 years 17,000 mwts of electricity will be available in Uganda the level of Malaysia today,” he said.

    Speaking during the same occasion, the Secretary General of East African Community Ambassador Juma Mwapachu noted that the coming in of the East African common market in July will usher in a lot of opportunities of investment to the people of the region.

Latest News

  1. OPINION: Welcome to African Green Revolution24/05For the past century and a half, Africa has tried various agricultural approaches without much success.
  2. Egyptians vote in historic election23/05Egyptians began voting freely on Wednesday for the first time to pick their president in a wide open election that pits Islamists against men who serv…
  3. Africa Day 2012 - a moment for reflection and…22/0525th May is Africa Day. For many years it has been a celebration of African unity. It dates back to 1963 when the Organisation of African Unity (OAU) …
  4. South Africa's African agenda21/05The Deputy President of the Republic of South Africa, Kgalema Mothlanthe paid a rare visit to Ghana in April at the invitation of John Dramani Mahama …
  5. Women struggle to rinse hunger, poverty stains21/05Just looking at her one clearly appreciates that she is old and frail therefore in need of support for food, clothing and shelter to live comfortably …
  6. Climate Climate change affects migratory birds…21/05Changes in the climate globally have affected the movement of both migratory and resident species of birds, Nature Uganda has said.
  7. Ghana: Foreign retailers cited for currency…18/05The Ghana Union of Traders Association (GUTA) is attributing the sharp depreciation of the Ghana cedi against major currencies to the illegal activiti…
  8. Kenya: Community radio brings succour to…18/05Korogocho, a slum in northeastern Nairobi with 100,000 inhabitants, had many of the ingredients for a political explosion similar to those that rocked…
  9. Veld fires 'flame' Zimbabwe's…16/05Over the years, Zimbabwe has experienced the scourge of veld fires destroying property worth thousands of dollars.
  10. Liberia commends ECOWAS for support14/05The induction training of pioneer Economic Community of West African States (ECOWAS) Volunteers for Liberia kicked off in Monrovia, with the Deputy Mi…
  11. Vanishing Lake Chad puts 30m lives at risk14/05As you approach the Lake Chad basin from Maiduguri, in north-eastern Nigeria, the evidence of despair is telling.
  12. Heavy rains cause havoc in Kenya14/05Heavy Rainfall continued to wreak havoc across the country leading to the suspension of relief food in some parts of the country as most roads in Turk…
  13. Zimbabwe: Growth points lie dormant14/05The Zimbabwean government mooted the concept of growth points in the 1980s as a means of decongesting cities and towns.
  14. Sierra Leone improves in infant mortality11/05Sierra Leone has improved in infant mortality cases according to Save the Children- World Motherhood index 2012 report. The West Africa country descri…
  15. Zimbabwe: Resettled farmers fail to utilize…10/05Resettled farmers in Zimbabwe are failing to utilize land due to inadequate farming inputs and lack of resources.
News archive