Over 100 firms to clinch deals in Northern Uganda
Posted Wednesday, October 30 2013 at 01:00
About 120 locally registered companies will pitch camp in northern Uganda for a week to search for opportunities to stamp their presence in the region that is in dire need of an economic makeover.
By the end of the week, Private Sector Foundation (PSFU), and northern Uganda manufacturers Association, said the number of registered investors to grace the Northern Uganda Economic Empowerment week, to be held in Lira next month, could rise to at least 200 companies.
“This will be a meeting where people seeking joint ventures will discuss business with a view to cut a deal,” the Private Sector Foundation (PSFU) executive director, Gideon Badagawa told journalists yesterday.
He continued: “ Investors in agro-processing and other sectors will be finding out how to establish themselves in Northern Uganda and how to add value to produce from that region.”
According to Mr Badagawa, northern Uganda economic pacification is crucial, given nearly two decades of political insurgency that eroded its economic growth.
He said: “ ... Development must be inclusive.”
Mr Okidi David, the business manager, International Alert, said investors willing to invest in northern Uganda should understand that land ownwership there is communal.