Jonathan Lukangi
Aug 19, 2023
min
read

Uganda’s President Museveni Calls on Diaspora to Invest in The Country

President Yoweri Kaguta Museveni has called on Ugandans living in the diaspora to invest ‘back home’ and help develop the country
Copy link

President Yoweri Kaguta Museveni has called on Ugandans living in the diaspora to invest ‘back home’ and help develop the country. Addressing the closing ceremony of the 2023 Canada National Resistance Movement (NRM) Chapter Symposium held at the Woodbine Hotel in Toronto, via Zoom, Museveni urged Ugandans living in Canada to interest their friends in investing in Uganda.

“Your country is moving forward, so it would be good if you participate by bringing your foreign friends to invest with us, or even you yourself if you can collect your small money and add it up and put it into some of these enterprises. By combining savings, we can do more work,” Museveni told the over 300 that participated in the symposium.

HE. Yoweri Kaguta Museveni
HE. Yoweri Kaguta Museveni


The two-day symposium which took place in Toronto, Canada, ran under the theme: “Dialogue, Unity and a Prosperous Diaspora

There could be more than 3 million Ugandans living and working outside the country, according to the International Organization for Migration (IOM). Remittances from these Ugandans amounted to more than US$1bn by July 2022, according to figures released by the Bank of Uganda. Most of this was from the USA and Canada.

Museveni told the Canadians that while Ugandans are highly educated and qualified, they lack money. He said while the government has been supporting them to start innovations, it would be good if each of the citizens also contributed and invested something small.

He pointed out the electric cars and buses being produced by Kiira Motors, plus the planned production of electric batteries; and the ‘pathogenic economy’, which is an economy from diseases. He said the country is already manufacturing vaccines and drugs.

The ceremony was also addressed by the Third Deputy Prime Minister and Minister Without Portfolio Rukia Isanga Nakadama, the Chairperson of the Canada NRM Chapter Fred Kinene, and the High Commissioner to Canada Amb. Joy Ruth Acen. It was also attended by the Minister for Presidency Milly Babalanda, the NRM Deputy National Treasurer Jacqueline Kyatuhairwe and the Senior Presidential Advisor Florence Mutyabule.

Meanwhile, the 35th Annual Ugandan North America Association (UNAA) Convention & Trade Expo, will be held in Dallas, Texas from September 1st – 4th 2023 at the Hilton Anatole Dallas.

Subscribe to the weekly newsletter
No spam. Just the latest releases, interesting articles, and exclusive interviews in your inbox every week.

More stories Read more

Ugandan Produce Shines in UAE

Creating New Wave of Economic Opportunities for Farmers and Exporters in the UAE.
Mutayoba Arbogast

Grammy award winning Artiste Stevie Wonder Receives Ghanaian citizenship

The multi-Grammy award winning artiste’s move to Ghana was backed by his Ghanaian citizenship which was officially issued to him through a citizenship certificate on his arrival to the West African Nation on Monday.
Emmanuel Kwesiga

You Must Come Back Home.

Ugandan Government Order Embassies in The Diaspora to Stop Replacing Passports.
S. Waziri Hassan

Returning Africa’s Looted Treasures - A Pipe Dream?

The fight to return Africa’s lost treasures has been going on at least since the 1960s, and Western museums have doggedly fought back against this.
Jonathan Lukangi

Uganda Named Africa’s Best Investment Destination at the Annual Investment Meeting in Abu Dhabi U.A.E.

This follows the recognition of the various strategies by the investment agencies in the country to promote direct foreign investment through provision of an enabling environment upon which business thrives all while paying attention to climate change.
Emmanuel Kwesiga

Selling African Human Remains To The Highest Bidder

UK Auction House Slammed Over Sale of African Human Remains.
S. Waziri Hassan

Abraham Godson: Euro Financier Turned Goat Farmer - A Journey of Impact

In the annals of Nigerian history, John Abraham Godson's story stands as a testament to the power of resilience, determination, and a non-wavering commitment to making a difference.
Mutayoba Arbogast

Blue Ivy Carter Lands Voice Role Alongside Her Mother Beyoncé In The Lion King Prequel Mufasa: The Lion King

Barry Jenkins on his chronicles with the souls and folk within the African diaspora as a dream come true through the prequel. 
Emmanuel Kwesiga

The African Gambit

Tunde Onakoya, the African chess giant sets a global record.
S. Waziri Hassan

Unveiling Truths and Tarnishing Images: The Dichotomy of Social Media Influence

The power of social media influencers like Kimambi to shape narratives and mobilize support cannot be underestimated. Yet, their actions can also inadvertently contribute to the perpetuation of stereotypes and negative perceptions, painting a one-dimensional picture of countries struggling with complex issues.
Mutayoba Arbogast

Salim Abubakar’s Tales of Kenzera: Zau Unlatches a New Era of Video Game Story and Gameplay Experience

Reflecting upon the loss of his dad 10 years ago and his Kenyan heritage, Abu’s new game sets out to captivate its players with a deep story of grief and African Mythology and legends al bundled up in an engaging gameplay experience and high-end visual work. 
Emmanuel Kwesiga

UK Government Raise in the Minimum Income Requirements for Family Visas and Skilled Workers

Who will feel the pinch and how do families navigate these rough waters?
Emmanuel Kwesiga

When Africans in the USA Cease to be Africans

When Adele James, a mixed-race British actress, was cast as the last Egyptian Pharaoh Cleopatra in a TV series that ran on Netflix, the Egyptians complained. A government official went as far as to insist that Cleopatra was Greek, not black. A portion of the Egyptian population called for a boycott of the TV series.
Jonathan Lukangi

Kenya’s Peres Jepchirchir Breaks Women’s only world record In London: Wins the All women’s London Marathon 2024.

The athlete and Olympic champion Jepchirchir claimed her victory in women’s only world-record time of 2 hours:16minutes:16seconds in the London marathon.
Emmanuel Kwesiga

No Census for Ugandans in the diaspora

May 10th has been declared a public holiday in Uganda, and all those who would be deemed to have been in Uganda from midnight will be counted, according to Dr Mukiza.
Jonathan Lukangi

Travelling Solo as a Black Woman

Pelumi Nubi, born in Lagos Nigeria but grew up in London, decided to start her inspiring, daring voyage on January 24 from the UK, in her Peugeot 107. For over two months, the 29 year old travelled from city to city, country to country, experiencing different cultures and ambiance in 17 countries.
S. Waziri Hassan 

Immigrants and the Job Markets in the West

Economists believe that the post-pandemic surge in immigration is a key reason the U.S economy has been able to grow steadily without pushing inflation higher, as the new arrivals have helped employers fill roles at levels of pay that have kept a lid on overall price growth.
S. Waziri Hassan

Zimbabwe's Gold-Backed Currency Amid Economic Turbulence: Lessons for Tanzania's Stability

Zimbabwe's tumultuous economic history, marked by mismanagement and hyperinflation, has eroded trust in its central bank and currency. Previous attempts at currency reforms, such as the introduction of the bond note, ended disastrously due to overprinting and loss of value.
Mutayoba Arbogast

European Migration Pact

European Parliament Approves Reforms to Tighten The Eu’s Migration and Asylum Rules.
S. Waziri Hassan

Five Reasons Why India Has the Largest and Most Influential Diaspora in The World: Lessons for the African diaspora

Since 2010, India has proudly held the title for harboring the largest diaspora globally. Across all continents, individuals of Indian descent have dispersed, their influence steadily amplifying with each passing day. But why is this? Herein, we discuss part of that blueprint.
Emmanuel Kwesiga