President Museveni has called on the Ugandan diaspora to prioritize investment back home. He also urged them to use international networks to attract tourists to Uganda’s tourism sector.
This appeal was made during a strategic meeting at State House Entebbe. The president engaged with 25 members of the NRM Diaspora Cadres Initiative. The group was led by Mr. Boaz Byayesu Kabururu and Mr. Richard Kyabihende Nkuru from the USA.
Strengthening Ugandan Diaspora Investment
The president’s message emphasized structured savings and Ugandan diaspora investment. Moreover, key goals included building collective ventures, boosting exports, and empowering local industries.
The meeting identified five strategic areas. These were low-cost housing, savings mobilization, export trade, technology transfer, and tourism development. In addition, the president highlighted the importance of strengthening Uganda’s global image.
Museveni specifically pointed out the need for housing near industrial parks. These include sites in Namanve, Kapeeka, Mbale, and Mukono. Therefore, affordable housing could support thousands of workers and reduce long commutes.
“These industrial parks are capturing big populations. Low-cost houses would help us so that these people just walk to their workplaces,” he noted.
Mobilizing Diaspora Savings
The delegates proposed cooperative ventures in real estate and small enterprises. In addition, they suggested using fixed deposit accounts, stock markets, and government securities such as treasury bills.
Mr. David Matanda shared their vision. Furthermore, he described how treasury instruments could offer 10–15% annual interest.
Museveni welcomed the idea.
“Treasury bills are secure money. The government borrows from the public and gives you interest, for sure. So, this is a smart move.”
Ugandan diaspora investment in these financial vehicles can transform foreign remittances into development capital.
Creating Export Channels for Ugandan Products
The team committed to scouting North American markets for Ugandan goods. For example, they will promote coffee, tea, vanilla, fruits, and handmade crafts.
By establishing diaspora-led trade channels, they aim to connect producers directly with buyers. Consequently, this could boost profits for Ugandan farmers.
President Museveni supported the plan.
“This approach leads us closer to export-led industrialization,” he affirmed.
Boosting Tourism Through Diaspora Influence
Another major pillar was tourism. The group pledged to run digital campaigns and diaspora-hosted tours. These strategies would highlight Uganda’s biodiversity and cultural richness.
President Museveni stressed the value of this strategy.
“Our climate and the food are very good. Everyone who comes here does not want to return.”
He endorsed Ms. Brenda Nangasha’s request to build luxury lodges near national parks. These facilities would attract foreign visitors and counter negative narratives about Uganda.
“We’ve worked with the ruler of Sharjah to build an airport and hotels. So, such projects are realistic,” he said.
This aligns with recent success stories. For example, Uganda’s tourism sector bounced back with Shs4.8 trillion in 2024, proving the sector’s resilience.
Agriculture and Licensing for Export Growth
The president encouraged diaspora-led commercial farming. Crops like passion fruits remain in high demand in Europe. Therefore, he asked them to invest in agribusiness.
Mr. Brian Kwesiga shared that he obtained a license to export alcoholic beverages to the U.S. As a result, this move represents growing interest in formal export operations.
Formalizing Diaspora Engagement
To coordinate efforts, Museveni officially recognized the NRM Diaspora Cadres Initiative. They will lead future diaspora relations and development campaigns.
“The endorsement marks a significant milestone,” Mr. Byayesu commented. “We now have clear authority to engage with the government.”
The team will implement its strategy alongside ministries and agencies. Additionally, this direction reflects broader African trends. Notably, Uganda ranks among the top 10 African countries leading in private sector investments, reinforcing investor trust.
A Unified Path Forward
This renewed approach emphasizes Uganda’s intention to integrate the diaspora in its transformation agenda. From tourism to agriculture, the Ugandan diaspora investment model can accelerate progress.
President Museveni’s call to action positions Ugandans abroad as key players. Their global skills, networks, and remittances can help reshape the nation’s image and economy.
Through collective savings, structured investments, and export strategies, Uganda can build sustainable wealth. These efforts, backed by policy and diaspora coordination, mark a new chapter in national development.
Outbound Links
- Learn how to invest through the Uganda Investment Authority
- Discover tourism opportunities from the Uganda Tourism Board
