18 February 2013

Uganda: Kampala to Host Energy Summit

Kampala — The American Chamber of Commerce in Uganda in partnership with the Uganda Investment Authority (UIA) will on Thursday (February 21) host a one day summit on Investment in the Energy and Infrastructure Sector at the Sheraton Kampala Hotel.

According to Ms. Kelley MacTavish-Mungar the President of the American Chamber of Commerce in Uganda said that the summit will address four key areas strategic in ensuring that Uganda embarks on the next 50 years of economic growth; Power sector, Infrastructure Sector, New and renewable energy sector and the oil and Gas sector.Mrs. Suzan Muhwezi, the Senior Presidential Advisor on AGOA (Africa Growth and Opportunity Act) while announcing the summit last week said that it would help attract American investors with interest in infrastructure.

She said, "AGOA hasn't been very successful in most African countries because of less development in infrastructure. Investment in infrastructure would open opportunities for Ugandans to access the American market as there are over 8,600 products that can be exported."Chris Pollard, the General Manager Sheraton Kampala Hotel said that the summit is timely in exploring the opportunities in Uganda's oil and gas sector.

"Our experience in the hospitality industry is that business is growing and we are increasingly seeing growing interest as more people come to Uganda as a result of the knock on effect from the energy sector," he said.

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