Uganda told its citizens living abroad to start investing back home instead of just sending cash for bills. Officials at a big convention in Kampala said they are finishing a formal policy to make the diaspora a key part of the country's economic plans. A foreign ministry ambassador said Ugandans overseas should be seen as a central pillar for growth, not an afterthought.
Panels at the meeting pushed for channeling remittance money into things like government bonds and bank savings schemes instead of household spending. An energy minister thanked diaspora members for their contributions already, pointing to major power projects and oil refinery deals as signs of progress. A finance representative said the country's goal of becoming a half-trillion-dollar economy needs more than coffee exports, calling on expats to help with tourism and tech.
Various government agencies laid out opportunities in taxes, business registration, and energy. A top ministry official closed the event by promising more engagement and a plan to honor successful Ugandans abroad next year.
Panels at the meeting pushed for channeling remittance money into things like government bonds and bank savings schemes instead of household spending. An energy minister thanked diaspora members for their contributions already, pointing to major power projects and oil refinery deals as signs of progress. A finance representative said the country's goal of becoming a half-trillion-dollar economy needs more than coffee exports, calling on expats to help with tourism and tech.
Various government agencies laid out opportunities in taxes, business registration, and energy. A top ministry official closed the event by promising more engagement and a plan to honor successful Ugandans abroad next year.
