Uganda recently showcased its commitment to regional cooperation and sustainable growth by hosting the East Africa Investment Forum and Trade Exhibition at the Kampala Serena Convention Centre. The event, held alongside the NAM and G77+China Summits, was organized in collaboration with the United Nations Development Programme (UNDP), the Government of Uganda, and the Private Sector Foundation Uganda (PSFU). Themed “Deeper Cooperation in Trade, Tourism, and Investment for Shared Global Prosperity,” the forum highlighted the importance of collective action in addressing regional and global challenges.
Key Highlights and Objectives
Strategic Dialogue and Cooperation: The forum served as a strategic platform for discussions on enhancing trade, tourism, and investment in East Africa. It addressed challenges such as the COVID-19 pandemic and geopolitical tensions, emphasizing the need for deeper regional integration to harness the potential of the African Continental Free Trade Agreement (AfCFTA).
Economic Growth and Opportunities: Uganda’s Vice President, Jessica Alupo, represented President Yoweri Museveni at the event. She underscored Uganda’s dedication to fostering private sector growth and attracting investment. The forum provided a unique opportunity for stakeholders to explore the vast economic potential within East Africa, highlighting sectors such as agriculture, manufacturing, and technology.
Tourism and Sustainable Development: Elsie Attafuah, the former UNDP Resident Representative, emphasized the significance of East Africa’s tourism sector. She advocated for green growth and sustainable tourism practices that can drive economic development while preserving the region’s rich natural heritage. The forum also discussed strategies to leverage tourism for achieving the Sustainable Development Goals (SDGs) and the African Union’s Agenda 2063.
Implications for Regional Development
The East Africa Investment Forum and Trade Exhibition marked a significant step toward strengthening regional ties and promoting sustainable development. By fostering dialogue and collaboration among key stakeholders, the event aimed to unlock new opportunities for trade, investment, and tourism. The discussions highlighted the need for innovative solutions and collective efforts to overcome challenges and achieve shared prosperity in East Africa.
In conclusion, the forum underscored the critical role of regional cooperation in addressing contemporary challenges and seizing opportunities for growth. Uganda’s proactive approach in hosting such a significant event reflects its commitment to driving economic development and fostering a sustainable future for East Africa.
