KAMPALA- President Yoweri Kaguta Museveni has emphasized that peace and Security are very crucial for any business to thrive.
The President made the remarks during the 5th Bi-Annual Private sector CEO Retreat held at Serena Hotel, Kampala.
The 2-day retreat ran under the theme: “Battle to Greenfield: Transforming Northern Uganda into a commercial production and logistical hub for exports”.
The retreat featured exhibitions by farmers and other players in Northern Uganda’s agricultural value chain. Participants delved into topics covering commercial agriculture, agro industrialization, cross-border trade, value-addition, transport and logistics, among other business ideas.
The President also highlighted strategies that are being used by the National Resistance Movement (NRM) government to further steer the economic development of the country such as the full monetization of the economy.
He also emphasized that Northern Uganda has a good road network to promote movement of commodities, thus calling upon the districts to properly utilize the increased funds for road maintenance.
The President informed the participants that the two debts that are now left for the government to fulfil are that of the railway line to lower costs of transport and irrigation to increase agricultural productivity.
The Coordinator and CEO of the Presidential CEO Forum, Ms. Irene Birungi Mugisha informed the President that the primary aim of this year’s bi-annual Private Sector CEO Retreat is to transform Northern Uganda from an area once marred by conflict into a thriving commercial hub.
The 2-day retreat was attended by the Prime Minister, Rt.Hon. Robinah Nabbanja, Ministers, Members of Parliament, among others.
