A business delegation from the U.S has expressed willingness to invest over Shs 1.1 trillion (USD 300m) in setting up a Neurosurgery facility as well as real estate development in Uganda.
The delegation led by Mark Anthony Hernandez was received at the Airport on Friday afternoon by the NRM Diaspora League Chairman, Hajji Abbey Walusimbi who as well represented the Minister of State for Investment and Privatisation, Evelyn Anite.
Some of the members represented Capital Brand and others companies such as UC Davis International which deals in medical supplies.
Walusimbi welcomed the investors and assured them of a peace and steady environment that will guarantee growth of all their investments.
“Welcome to Uganda, we are happy to have you hear, this is the heart of Africa, Uganda is very peaceful and the economic environment is stable to allow any investment to thrive,” Walusimbi said.
added added that, “I am here on behalf of government and the NRM party, the President is aware that you are here and is ready to meet you anytime, as Diaspora League, it’s our mandate to always encourage our friends in the outside world to come and invest in our country.”
Isaac Kigozi, the Managing Director East Africa Partners a company that coordinated the investors into the country noted he was happy that the delegation of 9 investors is ready and willing to partner with government to establish a number of investments in the country.
Kigozi said the African American investors group is different since it is not looking at freebies like some other investors.
“The delegation told me that government has done enough opening up doors to them and are now looking at what they can do for the government and the people of Uganda. This is exactly what enticed me to bring them to Uganda because they are not looking for free this, free that,” Kigozi explained.
He noted that the team is in the country on a fact finding mission and they are ready to share the business knowledge they have been blessed with in America to be able to impact the country’s young population of men and women who are eager to take Uganda to the next industrial revolution.
“We have had 34 years of prosperity and we believe that with you coming, we are going to have more years of more progress. We are a young country and our Minister of Investment, Evelyn Anite who is so dynamic and has helped boost investment in the country,” Kigozi said.
According to Mark Anthony Hernandez, the delegation chose to invest in Uganda because of the peace and security Uganda enjoys as well as the entrepreneurial skills possessed by the youthful population.
“We are a delegation of African Americans from California interested in bringing back African American dollars to Africa,” Hernandez said during a media briefing at the Entebbe international airport.
Briefing the media about their planned investment in Uganda, Hernandez said that they plan to invest in Neurosurgeon among other related activities in the health sector.
“What we are focusing on in this particular trip is health care, we have a Neurosurgeon investor on our team who is interested in setting up a Neurosurgery hospital in the country,” Hernandez said.
“We are also looking at investing in real estate for both residential and commercial estates. We are hoping that with an ongoing partnership, there are other sectors that we shall look into and rally more Americans to join us.”
“At this time, we are looking at investing 300m dollars in the health and real estate sectors and we believe other African Americans in California will be interested in joining us,” he added.