Forbes Magazine to Profile Uganda’s Economic Gains

The East African Partners Managing Director, Isaac Kigozi has revealed that a team of Journalist from the Forbes Magazine are in the country to profile Uganda’s economic achievements over a period of years.

Kigozi said that the Forbes an American business magazine is in the country for a second time following the earlier engagement that they had with President Museveni and other government officials in February, 2020 before the COVID-19 lockdown.

“The team is here to continue with the production of “Uganda; The Pearl of Africa” report for Forbes Africa under the theme: ‘Africa: Undiscovered Series’,” Kigozi said.

Kigozi said that it’s a pleasure that Uganda will feature in this special report that will help highlight and promote investment opportunities in Uganda inorder to forge bilateral relations with the country to the rest of the world.

Kigozi noted that the team will be interviewing the Minister of Finance, Maria Kasaija, the Minister of Trade and Investment, Amelia Kyambadde, the Speaker of Parliament, Rebecca Kadaga, the Prime Minister, Dr. Ruhakana Rugunda, the King of Toro, Oyo Nyimba and the King of Busoga, William Gabula Nadiope among others.

“Earlier this week, the team met and interviewed the Board Chairman Private Sector Foundation Uganda (PSFU), Elly Karuhanga, the CEO Ham Entreprises, Hamis Kiggundu, the Senior Presidential Advisor on Diaspora Affairs, Amb. Abbey Walusimbi among others.

According to the Forbes Editor in Chief, Scott Rose, the Magazine management was attracted by Uganda’s steady economic growth that has been registered in the recent past.

Scott notes that Uganda’s GDP growth was 5.3% in 2018 up from 5% in 2017, with projected growth set to continue in 2019 (5.5%) and 2020 (5.7%).

“The government has launched strong investments in public infrastructure which has contributed to the boosting of the job market and fooster growth. As a result, the industry and services sectors grew considerably and agriculture continues to provide a reliable contribution to the country’s GDP,” Scott noted.

In their earlier interaction in February, President Museveni assured the team that Uganda’s economic future is brighter.

“The future is brighter, we have to engage in production in the sectors of commercial agriculture, manufacturing, services and ICT,” Museveni informed the Forbes Team.