KAMPALA Uganda (Xinhua) --
Ugandan President Yoweri Museveni
has called for increased investment in Africa, calling
it the next center for the world’s economic growth.
In a State
House press statement issued on Monday, Museveni
described the economic situation in Africa as “very
good” despite some bottlenecks while speaking at the
third edition of the two-day Global African Investment
Summit held in the Rwandan capital, Kigali.
high growth rates and many countries have been growing
despite bottlenecks both hardware and software,” said
interactive session moderated by CNN Money Africa
Correspondent Eleni Giukos, under the theme
“Accelerating African Economic Integration through trade
and investment,” Museveni encouraged investors to invest
in Africa since it is on the right trajectory of
inform investors that Africa is the right place to come.
Africa is the next pusher for the global economy. We
have a bit of bottlenecks, which we are handling,” the
investment opportunities in electricity sector, value
addition for agriculture products and minerals, human
resource development. In Uganda the private sector
solved the issue of communication because more people
have access to phones in the whole country,” he said.
however, also warned against greedy investors who charge
high tariffs for quick gains at the expense of the
President Paul Kagame also commented at the event that
stability is one of the prerequisites for sustainable
economic growth, coupled with human resource development
and improving infrastructure and services.
our priorities and delaying our commitments are the most
expensive mistakes that Africa can make. Africa should
not just remain a big story where nothing materializes,”
there is more trade going on between African and the
world, but less between Africans.
for more trade between countries and free movement of
people and labour.
is organized by the Common Market for Eastern and
Southern Africa and the government of Rwanda. It is
aimed at promoting investment in various sectors
including education, information, communications and
technology and economy.