UCUK2023

Remarks by Her Excellency Ambassador Nimisha Madhvani, High Commissioner of Uganda to the UK and Northern Ireland at the 13th UK-Uganda Trade and Investment Summit

During the 13th UK-Uganda Trade and Investment Summit, Her Excellency Ambassador Nimisha Madhvani, High Commissioner of Uganda to the UK and Northern Ireland, delivered an inspiring address highlighting the growing economic collaboration between Uganda and the UK. Her speech revolved around the theme of the event, "Unlocking Uganda’s Trade Investment and Export Potential," and underscored the importance of enhancing mutual trade and investment relations.

Key Takeaways from Ambassador Madhvani's Speech:

Gratitude and Acknowledgement:

Her Excellency expressed gratitude to the organizers for creating a platform that brings together government and business leaders from Uganda and the UK.

She applauded Mr. Willy Mutenza and his team for their unwavering commitment to strengthening Uganda-UK business relations.

Trade Statistics and Insights:

• Ambassador Madhvani highlighted the significant increase in UK imports from Uganda, with a 40% rise to 98 million pounds in Q1 2023.
• She noted the impressive growth of UK exports to Uganda, which surged by 84% to 447 million pounds, indicating a widening trade gap.
• Strategic Trade Policies:
• The Ambassador emphasized the UK's new trade policy that opens its market to Uganda, presenting unprecedented opportunities.
• She urged Ugandan businesses to seize this opportunity and effectively compete in global markets.
• Government Initiatives and Support:
• Ambassador Madhvani discussed the Ugandan government’s efforts to facilitate exports, with a focus on certification and compliance with international standards.
• She mentioned the support from the British government in establishing phyto-sanitary and irradiation capabilities in Uganda.

Direct Flights and Logistics:

The Ambassador addressed the absence of direct flights between the UK and Uganda, highlighting President Museveni's initiatives to establish direct routes via Uganda Airlines.

She stressed the importance of this development for enhancing trade logistics and connectivity.

Call to Action for Businesses:

Ambassador Madhvani encouraged Ugandan businessmen and women to collaborate with the government in realizing their export potential.

She highlighted the Africa Continental Free Trade Agreement as an additional avenue for expanding business opportunities.

Invitation and Facilitation:

Her Excellency extended an invitation to UK businesses and individuals to visit and invest in Uganda, emphasizing the country's ease and hospitality.

She noted the efficiency of the Uganda High Commission in London in processing visas, facilitating smooth travel, and business transactions.

Ambassador Madhvani’s speech provided not only an overview of current economic trends but also a strategic roadmap for future collaboration. Her emphasis on practical measures, government support, and proactive business engagement captured the essence of a dynamic and evolving Uganda-UK economic relationship.

As the summit concluded, the anticipation for the 14th UK-Uganda Trade & Investment Summit in 2024 was palpable. This annual event remains a pivotal platform for deepening trade ties and exploring investment opportunities between Uganda and the UK. The next summit, scheduled for September 6, 2024, promises to build on this momentum, furthering the vision of mutual economic prosperity. Registration for the upcoming summit is open, offering an invaluable opportunity for continued engagement and partnership development.