President Museveni has said the government made the right decision to support the private sector because it has since strengthened Uganda’s economy.
He made this remark while commissioning Four Points by Sheraton Kampala, a new international brand hotel operated by Marriott International Inc., on October 31, 2023.
He explained that being pro-private sector is actually part of nationalism, and that is why the economy of Uganda has been able to recover quickly.
“We had all those ideas, then we went in to fight Idi Amin, and during that time we were able to clarify our thinking, and our conclusion was that “Uzalendo” (nationalism/patriotism) actually meant supporting the private sector because if you support that sector, it easily grows the economy for you, and if the economy is strong, you can afford to be independent,” said the President.
President Museveni welcomed the investors and gave them assurances about a business-friendly environment.
He further assured the investors of a ready market for their goods and services.
“Here we have everything: the raw materials and the market. The internal market of Uganda is 46 million people now, East Africa has 700 million people, and the market of Africa is 1.7 billion for goods and services,” he said.
“You are in the right place at the right time, and I want you to bring more, especially in the area of manufacturing and agro-processing,” he added.
Additionally, the President urged investors to denounce public servants who frustrate them by requesting bribes.
The 4-star hotel is situated at the foot of Kololo Hill. It is composed of 142 well-appointed guest rooms, restaurants, and a fitness centre, among other amenities.