By Kabuye Ronald
A delegation of African American Investors is in Uganda for an investment opportunity of Sh 1.1 trillion $300m) in the health and real estate sectors in Uganda.
According to Mark Anthony Hernandez they chose to invest in Uganda because of the peace, stability and security Uganda enjoys.
“We are a delegation of African Americans from California interested in developing back ,” Hernandez said during a media briefing at the Entebbe international airport.
The investors who are set to meet President Yoweri Museveni next week, were received by Abbey Kigozi Walusimbi, the NRM chairman –Diaspora league.
Briefing the media about their planned investment in Uganda, Hernandez said they plan to invest in Neurosurgeon among other related activities in the health sector.
On real estate investment, Hernandez said they have on board real estate investors who are looking at investing in commercial and residential real estate.
The Managing Director, East African Partners, Isaac Kigozi, who coordinated the investors’ visit to Uganda, said the African American investors group is different since it is not looking at freebies like other investors.
“They said 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 things,” Kigozi explained.
He said the planned investment will enable Uganda tap into the employment opportunities for the many jobless Ugandans.
“They want to utilize what God has blessed Uganda with, and find ways to enhance that but also make a profit,” he added.
Abbey Kigozi Walusimbi, the NRM chairman –Diaspora league assured the investors of a steady peace and security and the ready East African Community Market, which is conducive enough for their investment in Uganda.
He implored the investors, to bring on board more American investors to invest in Uganda, for increased opportunities for the people of Uganda and the American people.
This delegation of African American is here and interested to come back home, it’s good to have a mixture of not just investment but marketing, real estate, tourism on the delegation
They are here 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 our young population in Uganda of young 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.
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 factory for Cardiac transplants in Uganda and offering services in other ways
We are also focusing on real Estate investments and we shall look at different sectors in commercial and residential 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 our joining us.