The Prime Minister Dr Ruhakana Rugunda has on behalf of President Yoweri Museveni launched the 5th phase of the Presidential Investors Round Table (2015 – 2017).
The fifth phase of the presidential investor’s round table will focus on the thematic areas of oil, gas and energy, tourism, minerals value addition and economic competitiveness.
The Presidential investor’s round table (PIRT) is a high level forum chaired by H.E the President of Uganda.
PIRT brings together local and international business leaders whose role is to advise government on how the country can transform into a competitive investment destination.
During the launch of PIRT V at State house Entebbe, on Wednesday, Dr Rugunda congratulated the members of the forum and urged them to dedicate themselves to making Uganda a preferred investment destination.
The first phase of PIRT began in September 2004 and a number of achievements have been registered by the end of PIRT four such as: the upgrading of Kituuza in Mukono into a fully-fledged national coffee research institute, acquisition of land for the oil refinery and increase in the number of schools equipped with computer labs.
The PIRT Members were also addressed by Baroness Lynda Chalker, the Chairperson of Africa Matters Limited and lead consultant in the PIRT process.
Lynda Chalker said Uganda must embrace e-technology to catch up with the rest of the world.
The launch of PIRT V followed the closure of PIRT IV by H.E President Museveni on Wednesday morning.
President Museveni highlighted the strategic bottlenecks that have hindered the pre-industrial economies from advancing such as ideological dis-orientation, weak state and wrong attitude towards the private sector.
The President announced the lifting of the ban on the export of some minerals such as Wolfram and Tin with the exception of iron ore and copper.
Investors especially in the mineral development sector applauded the President for partially lifting of the ban on the export of some unprocessed minerals.