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Rebecca Alitwala Kadaga, Uganda’s First Deputy Prime Minister and Minister of East African Group Affairs, will lead a high-profile delegation from East African international locations for the 14th UK-Uganda Commerce and Funding Summit in London United Kingdom.
This annual occasion is scheduled for September 6 on the Mayfair Lodge beneath the theme; ‘Accelerating Development By way of Partnerships for World Market Enlargement’.
It strives to bolster financial ties between East African and British companies, concentrating on vital sectors together with Info and Communication Applied sciences (ICT), finance, actual property, and renewable power.
In different phrases, the summit presents an important platform for East African international locations to discover and solidify enterprise partnerships with UK corporations, in line with Willy Mutenza, the conference chairman.
East African international locations are more and more embracing the necessity to broaden their financial prospects by way of strategic partnerships.
As such, Kadaga notes that the UK, with its historic ties and robust financial basis, stands out as a useful ally for East Africa.
“We are going to guarantee this 12 months’s summit is an enormous success. International locations ought to foster sustainable and inclusive improvement by way of strategic international partnerships,” she says including that; “The collaborations are very important for the financial improvement of Uganda and the complete East African area.”
For instance, these international locations can simply entry superior expertise and experience, particularly in ICT and renewable power, that are important for modernizing low-income economies.
Moreover, partnering with UK companies might help East African companies penetrate worldwide markets, thereby enhancing their competitiveness and international attain.
Add to that advantages in Funding and financing the place UK’s well-established monetary establishments present vital funding and financing alternatives to help large-scale initiatives in East Africa.
Additionally, the historic relationship between East Africa and Britain, rooted within the colonial period, has fostered shared authorized and academic techniques, language, and cultural ties, making enterprise interactions smoother and extra productive.
“The UK is a perfect accomplice as a consequence of its robust financial framework, dedication to improvement, and deep-rooted understanding and belief cultivated through the years,” she provides.
In the meantime, Mutenza highlights the position of Kadaga’s management on the summit as pivotal. Because the First Deputy Prime Minister and Minister of East African Group Affairs, her mandate contains selling regional integration inside the East African Group (EAC); and formulating and implementing insurance policies to boost Uganda’s participation within the EAC.
She can also be mandated to advocate for elevated commerce and funding and make sure the alignment of nationwide legal guidelines with EAC requirements.
Over the previous 14 years, Mutenza says, Kadaga has passionately supported this commerce conference, making it the premier African-focused summit that brings collectively stakeholders from each areas.
It must be remembered that in her tenure as Speaker of Parliament, Kadaga made vital contributions that positioned Uganda and the complete East African Group as premier funding locations in Africa.
