By Mulengera ReportersHon. Evelyn Anite, the State Minister of Finance for Investment and Privatisation, has rallied behind Equity Bank Uganda as a trusted ally in advancing Uganda’s and Africa’s investment goals, urging investors to take full advantage of the trade and value-addition opportunities being opened up across the country.
Speaking as the keynote guest during the Equity Investors Trade Mission, which brought together delegates from across the East, Central Africannregion, and beyond including, the former Koboko municipality MP praised the Bank’s initiative as one that perfectly aligns with the Government’s national development agenda.
“I’m truly delighted to once again be part of the Equity Investors Trade Mission. This is my second time participating, and let me say, Equity Bank is indeed a bank for Africans,” she said.
Anite reaffirmed the government’s commitment to creating a business-friendly environment for investors, pointing out that Uganda not only offers non-tax incentives and security, but also guarantees a stable investment climate.
“We don’t just exempt investors from taxes,” she explained, adding that government also offers peace of mind and the support systems necessary for the investments to thrive.
She highlighted ongoing collaboration between the government and Equity Bank through programs like the Parish Development Model (PDM), and commended the Bank’s efforts in promoting regional trade and empowering local entrepreneurs.
“Our President’s vision is clear: remove non-tariff barriers and let Africans trade among themselves. This initiative by Equity Bank is not just for Uganda, it’s for the entire continent.”
To support industrial growth, the Minister called on investors to explore opportunities in value addition, especially in iron ore and coffee, and reiterated Uganda’s readiness to provide land and policy support to those bringing in capital above USD 10 million, which very incentives, she said, apply to investments in the oil and gas sector, as well as other technical fields.
“For every investor committed to adding value and building Africa, we are ready to walk with you. The BUBU [Buy Uganda, Build Uganda] policy ensures that your locally manufactured products get first consideration from government agencies,” she assured.
In a heartfelt moment, Anite, who was born in DRC at the peak of instability in Uganda in the 1980s, welcomed delegates from Congo, calling them ‘brothers and sisters,’ and urged them to feel at home in Uganda.
“I was born in DRC in 1984 because my parents fled for safety. I welcome you home,” she said.
The minister also reassured all prospective investors of Uganda’s peace and safety, noting that the country remains one of the most stable and secure investment destinations in the region.
With out mincing her words, Anite, in her closing remarks, heaped praise on Equity Bank for its efforts in bringing investors together and spearheading economic transformation across the continent.
“We are extremely proud of Equity Bank. Initiatives like this grow not just the Bank, but Uganda and the whole of Africa. That is why government will continue to support Equity Bank in every possible way,” she affirmed.
The Equity Investors Trade Mission has so far showcased Uganda’s readiness for large-scale investment, with the Bank continuing to position itself as a catalyst for regional economic integration and business development. (For comments on this story, get back to us on 0705579994 [WhatsApp line], 0779411734 & 041 4674611 or email us at mulengeranews@gmail.com).
