President Yoweri Museveni of Uganda has called for increased investment in Africa, calling it the next centre for the world’s economic growth.
In a State House press statement issued recently , President 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.
“There are high growth rates and many countries have been growing despite bottlenecks both hardware and software,” said Museveni.
During an interactive session moderated by CNN Money Africa Correspondent Eleni Giukos, under the theme “Accelerating African Economic Integration through trade and investment,” Mr Museveni encouraged investors to invest in Africa since it is on the right trajectory of development.
“I would 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 president said.
“There are 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.
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