Forbes Magazine to document Uganda’s economic strides

A team of journalists from Forbes, an American business magazine are in the country to profile and publish Uganda’s economic gains over a couple of years and economic strides achieved during the Coronavirus pandemic.

The team of journalists which arrived into the country a few days ago was ushered in by the East African Partners (EAP), a company that markets East Africa as an investment destination.

According to Isaac Kigozi, the EAP Managing Director,  the Forbes team is in the country for the second time following an earlier engagement that they had with President Museveni and other government officials in February,  before the COVID-19 lockdown.

“The team is here to continue with the production of “Uganda; The Pearl of Africa” report for Forbes Africa under the theme: ‘Africa: Undiscovered Series’,” Kigozi said.

He explained that this special report will highlight and promote investment opportunities in Uganda as a way of forging bilateral relations between the country and the rest of the world.

Kigozi revealed the team will meet several government officials and members of the private sector including the Finance Minister, Matia Kasaija, Trade Minister,  Amelia Kyambadde,  Speaker of Parliament, Rebecca Kadaga,  Prime Minister, Dr. Ruhakana Rugunda,  Tooro king,Oyo Nyimba and the king of Busoga, William Gabula Nadiope among others.

“Earlier this week, the team met and interviewed the Executive Director of the Private Sector Foundation Uganda (PSFU), Gideon Badagawa, the CEO Ham Entreprises, Hamis Kiggundu and the  Senior Presidential Advisor on Diaspora Affairs, Amb. Abbey Walusimbi among others,” Kigozi said.

Isaac Kigozi, Investment Minister, Evelyn Anite meet one of the Forbes team members.

According to the Forbes Editor in Chief, Scott Rose, the magazine management was attracted by Uganda’s steady economic growth that has been registered in the recent past.

Scott notes that Uganda’s GDP growth was 5.3% in 2018 up from 5% in 2017, with projected growth set to continue in 2019 (5.5%) and 2020 (5.7%).

“The government has launched strong investments in public infrastructure which has contributed to the boosting of the job market and foster growth. As a result, the industry and services sectors grew considerably and agriculture continues to provide a reliable contribution to the country’s GDP,” Scott noted.

In their earlier interaction in February, President Museveni assured the team that Uganda’s economic future is brighter.

“The future is brighter, we have to engage in production in the sectors of commercial agriculture, manufacturing, services and ICT,” Museveni said.

Forbes magazine publishes eight times a year featuring original articles on finance, industry, investing and marketing topics.

 

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