The Archbishop of the Church of Uganda, The Most Rev Dr Stephen Samuel Kaziimba Mugalu, has called on the Government to strengthen its support for local investors and create a more favourable investment environment that enables them to thrive and contribute to Uganda’s economic growth.
Archbishop Kaziimba made the call after meeting Canon Frank Twine, proprietor of Fraine Supermarkets and Kinkiizi Traders Ltd, at Fraine Supermarket’s Kabalagala branch.
He was responding to concerns raised by Canon Twine about what he described as greater government attention and incentives accorded to foreign investors compared to their local counterparts.
“Canon Twine has told me that his five Fraine Supermarket branches employ 720 people, while his other companies employ more than 600 people. These are jobs being created for Ugandans, and the money generated remains within and continues to circulate in our economy.” Archbishop Kaziimba said.
He added, “Local investors should equally be supported through incentives such as tax holidays, diplomatic support to ease their international travel, and other forms of facilitation extended to foreign investors.”
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Canon Twine commended Archbishop Kaziimba for advocating for local investors and championing the Church’s drive towards self-reliance.
“We certainly face many challenges in doing business, but because we serve a living God, we continue to persevere. Taxes are high, while some investors receive free land, tax exemptions, recognition and other incentives. Such support is extremely rare for local investors, yet we contribute significantly to the national economy,” He said.
Canon Twine is the Head of Laity for Makerere Archdeaconry in the Diocese of Kampala and is a Canon of St Peter’s Cathedral, Nyakatare, in the Diocese of Kinkiizi.
During the visit, Archbishop Kaziimba presented him with an award in recognition of his outstanding contribution towards Church of Uganda’s self-sustainability agenda.
