Kampala to Host Business and Investment Summit

Kyofatogabye Kabuye, the State minister for Kampala and Metropolitan Affairs

Kampala, Uganda HABARI DAILY I Kampala Capital City Authority (KCCA) is gearing up to host the inaugural Kampala Business and Investment Summit, a groundbreaking event organized in collaboration with the African Center for Economic Dialogue (AfCED).

Under the theme “Unlocking Financing and Investment for a Sustainable, Inclusive, and Smart Urban Eco-system,” the summit aims to foster discussions on finance and investment solutions in the face of climate change and rapid urbanization. It iset to take place from July 20th to 21st, 2023, at the prestigious Mestil Hotel in Kampala, this event promises to attract stakeholders from both private and government sectors.

According to the State Minister for Kampala and Metropolitan Affairs, Kabuye Kyofatogabye,  the summit is significant in driving Uganda’s Sustainable Development Goals and national development objectives.

“This is an opportunity for us to highlight the challenges posed by climate change and urban growth and front the business opportunities available to city dwellers and visitors alike,” he said during a recent briefing at the Uganda Media Center in Kampala.According to Julius Nsubuga Kazibwe, the Executive Director of AfCED, the summit will highlight Uganda’s abundant business and investment potential, which will bring growth to Uganda’s capital city, which is the epicenter of business

Ismail Alatise, the Nigeria High Commissioner to Uganda, said the summit will help city administrators with a chance to showcase its business and investment potential to the rest of Africa.

Kampala city is divided into the five boroughs of Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division, and Rubaga Division. Kampala’s metropolitan area consists of the city center and neighbors Wakiso District, Mukono District, Mpigi District, among others.  It has a rapidly growing population that is estimated at 6,709,900 people in 2019 by the Uganda Bureau of Statistics in an area of 8,451.9 km2 .

It occupies a series of hills at an elevation of about 3,900 feet and is situated in the southern part of the country, just north of Lake Victoria. Kampala hosts Mengo, the capital of the kingdom of Buganda in the 19th century. It was selected in 1890 by Capt. Frederick Lugard as the headquarters of the Imperial British East Africa Company

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