• Contact Us
  • About Us
  • Advertise
  • Donate
  • Login
Watchdog Uganda
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
Watchdog Uganda
No Result
View All Result

Please eliminate importing,’ Museveni tells business community 

watchdog by watchdog
4 years ago
in National, News
2 0
President Yoweri Museveni launches Presidential CEO Forum

President Yoweri Museveni launches Presidential CEO Forum

ShareTweetSendShare

President Yoweri Museveni on Tuesday inaugurated the Presidential CEO Forum (PFC) with a call to the business community to adopt import substitution and export promotion if the country is to realise tangible economic progress.

“If you want the country to grow, you need to look at what business you are doing. Does it bring blood here or does it suck blood and take it out? That is the problem I used to have with KACITA,”Museveni said.

” Their business was importing. They even reached the extent of importing wigs. The main message is, please minimize and eliminate importing,” he said.”

The ceremony took place at State House Entebbe.

The Presidential CEO Forum is a direct and adequate link between the private sector leadership, CEO’s from Corporate institutions and government executives with the aim of contributing to the National Development Agenda.

President Museveni noted that there are two economic actors in the economic history of the world.

“Among those economic actors, there are those who import, not importing raw materials or inputs but finished goods. Those people I would like to discourage them and gradually convert them to actors here who make things from here,” he said.

The President said he was happy they have agreed on paying scientists well.
“A scientist is not an observer but an actor in the economy. Science is the basis of modernisation. You must go to a higher-level technology so that we protect ourselves but also make money. Foreigners have been making money out of germs for a long time, we should get money from the pathogenic economy,” he said.

Mr. Museveni appreciated the value in having business forums like PCF which he said help government in policy formulation. He directed that government departments such as Prime Minister’s office and the Ministry of Finance to always consult them before formulating policies.

He said government will in turn facilitate the business community with the necessary infrastructure such as roads, cheap electricity, railway line and reduce in the cost of money through Uganda Development Bank to lower the cost of doing business in the country. He said that schools and technical colleges should also step in to provide necessary skills that are needed to do business.
The Prime Minister Rt. Hon. Robinah Nabbanja urged the CEOs to share the challenges that affect them while doing their business. She said some young people want to get rich faster than the businesses that employ them.

“I would like to ask the CEOs to report the corrupt tendencies of government officers who deal with them,” she said.
The Chairperson Presidential CEO Forum, Ms. Barbra Mulwana said the inauguration of Presidential CEO Forum marks a significant milestone within the private sector fraternity to have access of championing government’s agenda towards fostering the social economic transformation and development of Uganda.

Ms. Mulwana said that the PCF will deliver on its vision through three key initiatives that include fostering the social economic transformation agenda in all policy conversations that are to administer private sector participation, develop a well profiled and vetted data Bank of Ugandan CEO’s and compliment government with practical interventions on economic recovery, entrepreneurship growth and value addition that will enhance home- engineered industrialisation.

The team assured the President of their commitment to soldier on in the war for economic prosperity. They said they are ready to join hands with the government to fully liberate Uganda on economic front.

The ceremony was also attended by the Minister of Finance, Planning and Economic Development Hon. Mattia Kasaija and various CEOs from the public and private sector PCF is set on strict non-sectorial principles, that will provide a missing link between the public and private sector at both the decision making and implementation levels.


Do you have a story in your community or an opinion to share with us: Email us at editorial@watchdoguganda.com
ShareTweetSendShare

Related Posts

Chancellor of Jinja Diocese and Bishop’s Secretary, Fr. Gerald Mutto
News

Preparations for St. Gonzaga Gonza Day celebrations complete 

4th July 2025 at 17:54
News

New business lounge commissioned at Entebbe International Airport

4th July 2025 at 16:40
News

Jinja Hospital Boss Dr. Yayi Calls for Improved Maternal and Child Health Services To Curb Birth Asphyxia

4th July 2025 at 16:36
Next Post
Tamale Mirundi

Gen Lokech might have killed himself due to Museveni’s criticism and ICC investigations in Somalia- Tamale Mirundi claims

  • Prostitution in Uganda- Courtesy Photo

    10 dangerous hotspots known for prostitutes in Kampala

    1110 shares
    Share 444 Tweet 278
  • LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

    2286 shares
    Share 914 Tweet 572
  • Silent Billionaire Bosco Muwonge Buys Mukwano Arcade at UGX 250 Billion Cash Down

    31 shares
    Share 12 Tweet 8
  • Uganda’s Billionaires 2025: Once Again Sudhir Ruparelia Leads a Resilient Pack

    44 shares
    Share 18 Tweet 11
  • LIST : Gov’t releases Revised Salary Structure for Teachers, Police, and Prisons Staff for FY 2024/2025

    119 shares
    Share 48 Tweet 30
Facebook Twitter

Contact Information

Watchdog Uganda is a portal for solution journalism, trending news plus cutting edge commentaries in the fields of politics, security, business, tourism, entertainment, technology, agriculture, climate change, environment, public health et al. We also give preference to Ugandan community news and topical discussions. The portal also publishes community news and topical discussions.

Email: editorial@watchdoguganda.com
To Advertise:Click here

Latest News

Bwanika Joseph

BWANIKA JOSEPH: The Ballot and the Briefcase, Uganda’s Corporate Workers Must Vote for Fairness and Dignity

5th July 2025 at 10:36
Hon. Raphael Magyezi

Yara East Africa and Asili Agriculture Launch Agri-Hub in Kiryandongo to Advance Farmer Knowledge and Food Security in Uganda

4th July 2025 at 19:06

Check out

  • Trending
  • Comments
  • Latest
Minister Muruli Mukasa

LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

24th May 2020 at 10:45
Pregnant woman

Shock as 17-year old boy impregnates his two sisters during Covid-19 lockdown 

17th June 2020 at 08:17
Sudhir Ruparelia is set to speak at business forum in United Kingdom

Billionaire Sudhir’s wisdom on how to invest in real estate

0

How a boy’s destiny turned from cotton grower to communications guru

0
Bwanika Joseph

BWANIKA JOSEPH: The Ballot and the Briefcase, Uganda’s Corporate Workers Must Vote for Fairness and Dignity

5th July 2025 at 10:36
Hon. Raphael Magyezi

Yara East Africa and Asili Agriculture Launch Agri-Hub in Kiryandongo to Advance Farmer Knowledge and Food Security in Uganda

4th July 2025 at 19:06

© 2025 Watchdog Uganda

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News

© 2025 Watchdog Uganda