The State Minister for Privatization and Investment, Evelyn Anite, has called on Australian investors to tap into Uganda’s fast-growing economy, describing the country as the best investment destination in Africa.
Speaking during the celebration to mark 60 years of Australia-Uganda diplomatic relationship in Kampala on Sunday, Ms Anite said that Uganda is ready to welcome more Australian investors, noting that 60 years of friendship rooted in a solid foundation had now matured into a platform for commercial engagement.
“You can’t celebrate 60 years if the foundation is weak. Uganda and Australia built a very strong foundation and that is why we are still and will continue beyond 60 years,” Ms Anite said.
The celebrations, marked by reflection on historical ties, development cooperation, and a renewed focus on investment-led partnership, attracted government officials, diplomats, entrepreneurs, civil society organizations, and others.
Ms Anite praised the consistency of the partnership, stressing that Uganda is transitioning from traditional diplomacy to a more practical approach focused on business, trade, and investment.
“We have moved away from diplomacy of drinking champagne and dancing. It is now about commercial diplomacy,” she said.
Ms Anite highlighted Uganda’s economic growth rate of 7 percent, political stability, and young skilled workforce as factors positioning Uganda as Africa’s best investment destination.
“Our economy is growing at a rate of 7 percent. There is no economy in the whole of East Africa that is growing at this rate, and we are the most peaceful in the whole region,” Ms Anite said.
She pledged Uganda’s hospitality and government support to investors to ensure Australian companies thrive.
“We will support your businesses, buy your products, and provide peace and security for investment. Export your rich people here, we want them to come and join us in building our economy,” she said.
The Australia High Commissioner to Uganda, Ms Jenny Da Rin, described the Australia-Uganda relationship as one sustained by shared values, historical ties, and mutual aspirations for peace and prosperity.
Ms Jenny highlighted the milestones since Australia established diplomatic relations with Uganda in 1965.
“Although separated by the vast Ocean, the bonds were nonetheless strong-grounded in the relationship built between our people. Bonds forged through service to our countries,” Ms Jenny said.
She commended Uganda for strengthening development and trade cooperation, noting that Australian companies are increasingly investing in mining, tourism, agriculture, and engineering services.
The newly appointed Honorary Consul in Uganda, Mr David Mpanga, pledged to strengthen economic, cultural, and political cooperation between the two countries and build the legacy of the outgoing consul, Patrick Bitature.
“I take up this role at a time when bilateral relations have matured. My commitment is to deepen it further for the mutual benefit of our people,” Mr Mpanga said.