The State Minister for Investment Gabriel Ajedra has vowed to convince government to reduce on double taxation to Investors from Singapore for them to invest big in Uganda. Ajedra says double taxation and investment protection are the most challenges that scare away foreign investors in several countries. He made this pledge while addressing a business meeting between Uganda and a delegation from Singapore led by Minister of State for Trade and Industry in Singapore, Dr Koh Poh Koon.
Ajedra says that given the fact that Singapore’s GDP stands at US$ 402 billion which is about fifteen times that of Uganda at US$26.65 billion, government needs to find out how to tailor their system. He further says that sectors like oil, mineral resources and agro process are available for investors.
Below is a statement released by the Singaporean Ministry of Trade and Industry on their visit
Minister of State Dr Koh Poh Koon on Five-day Visit to Uganda and Tanzania_26 Apr 2016