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Museveni meets trade and investment advisor Kakuru

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Museveni meets trade and investment advisor Kakuru
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The two discussed trade and investment.

President Museveni has  held a meeting with his senior trade and investment advisor Phillip Kakuru in which he stepped up efforts to bolster Uganda’s trade relations with the global diaspora.

The meeting at the president's country home at Rwakitura focused on enhnancing Uganda trade relations with the diaspora, sources privy to the discussion disclosed.

Mr. Kakuru, a senior presidential Advisor on Trade and NRM Diaspora, also explored Uganda's economic prospects through enhanced trade, investment, and the strengthening of bilateral ties with other nations.

“We focused on improving trade and investment, addressing trade tariffs, and exploring ways to increase foreign direct investment (FDI) into Uganda,” Kakuru remarked after the meeting.

He highlighted the country’s potential as a prime investment hub in Africa, stressing that the government must strategically position Uganda as an attractive destination for foreign capital.

The conversation also centered on the role of Uganda’s diaspora, with both leaders underscoring the significant economic contributions of Ugandans living abroad.

President Museveni emphasized the need to channel more remittances into the country’s economy, remarking, "We are committed to finding more ways of channeling the vast resources and potential of the diaspora into Uganda’s economy."

Mr. Kakuru, who has been instrumental in mobilizing the NRM Diaspora, echoed this sentiment, stressing the importance of strengthening Uganda's relationship with its global citizens.

“We are looking at ways to organize strategic trade summits that can attract more investors to Uganda,” he said, suggesting that these summits would serve as platforms for international stakeholders to engage with Uganda’s growing market.

Discussions touched on Uganda’s participation in the upcoming G20 Summit, scheduled for November 2025 in Johannesburg, South Africa.

Museveni noted the strategic significance of the summit for Uganda, saying, “We are preparing for the upcoming G20 Summit where we will highlight Uganda’s readiness to engage with the world’s leading economies.”

Both leaders also addressed the need to modernize Uganda’s infrastructure and trade policies. Uganda's central location in East Africa provides a critical gateway to key regional markets, which could make the country an even more appealing investment prospect.

President Museveni praised Mr. Kakuru for his leadership in advancing the NRM Diaspora initiative.

"I commend Hon Kakuru Phillip for his visionary keynotes and strategic mobilization of the NRM Diaspora, aimed at increasing trade and investment in Uganda,” the president stated.

The meeting marked a significant step toward achieving Uganda’s goal of expanding its global trade and investment footprint.

With an emphasis on enhancing diaspora contributions, improving trade relations, and participating in major international forums like the G20, Uganda’s economic future appears poised for greater international engagement.

“We are focused on building Uganda into a vibrant economy, and with the help of the diaspora and our trade initiatives, we will continue to attract global attention and investment,” Museveni concluded, reaffirming his commitment to the nation’s economic growth and development.

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