The President of Uganda, Gen. Yoweri Museveni has welcomed USA and European investors among others to invest in East Africa assuring them that the region has stable environment for productivity, investment and trade.
Gen. Museveni said this while opening the 3rd East African Community Investment Conference at Speke Resort Munyonyo in Kampala on Wednesday evening. The meeting has attracted participants from Uganda, Kenya, Tanzania, Burundi and Rwanda.
Museveni says East Africa is ripe for investments and it is a competitive emerging vibrant market with affordable human resource and investment guarantees.
The President told participants that in the next five years Uganda will be able to generate 3,800 megawatts and in the next 15 years 17,000 mwts of electricity. He compares East Africa with countries like China or any developed nation that are serious with development and investment.