LONDON — The Permanent Secretary and Secretary to the Treasury, Ramathan Ggoobi, has called on United Kingdom investors to prioritise transferring technical skills and capital as Uganda pushes to accelerate economic growth.
Dr Ggoobi made the remarks during an engagement with investors under the Westminster Africa Business Association and the Eastern Africa Association at the Uganda High Commission London.
He said Uganda is targeting the creation of at least 500,000 jobs annually over the next five years, stressing that partnerships with foreign investors will be critical to delivering the country’s ambitious economic transformation agenda.
“We are looking for investors who can bring not just financing, but also practical skills and technology transfer to support our growth,” Dr Ggoobi said.
Uganda is pursuing a tenfold growth strategy aimed at expanding the economy to $500 billion by 2040, anchored on key sectors including agro-industrialisation, tourism development, mineral exploitation—particularly oil and gas—and science, technology and innovation, including ICT and the creative industry.
Uganda’s High Commissioner to the UK, Nimisha Madhvani, reaffirmed the mission’s commitment to attracting investment, urging British firms to take advantage of opportunities in what she described as “the Pearl of Africa.”
“I will continue to encourage investors to explore the abundant opportunities Uganda offers,” she said.
The meeting forms part of ongoing efforts by the government to position Uganda as a competitive investment destination, particularly in sectors seen as key drivers of jobs and export growth.