Foreign and Commonwealth Office
Minister for Africa speaks at UK/Uganda Business Forum
Mark Simmonds promotes the UK’s partnership with Uganda, trade and investment, and human rights and good governance.
Foreign Office Minister for Africa, Mark Simmonds MP, yesterday spoke in the opening session of the UK/Uganda Business Forum at Lancaster House, organised by the Commonwealth Business Council.
Prosperity is one of the Foreign & Commonwealth Office’s priorities. This forum will support our efforts to build the UK’s reputation internationally and create opportunities for British business to strengthen the UK economy.
The aim of the forum is to attract increased British investment to Uganda, where there are significant opportunities in many sectors, including oil & gas, energy, infrastructure, agribusiness, and finance.
During his speech Mr Simmonds highlighted the British government’s willingness to work in partnership with the Ugandan Government to help create a strong investment environment in Uganda, promoted the wide-ranging opportunities for doing business with Uganda, and praised the quality and expertise of British companies.
The Minister for Africa spoke of the strong commercial relationship:
Britain, with investments of over £2 billion, remains the largest cumulative investor in Uganda. It’s a position we want to retain and build upon…We are working hard to deepen these commercial links. There have been several recent successful trade missions from the UK to Uganda; including from the London and Aberdeen Chambers in March this year.
In addition, we will break new ground when the Lord Mayor of the City of London heads a high level financial services mission to Kampala in September; the first such visit to Uganda. This underlines the importance the UK places on the Ugandan market and its significant potential.
On human rights and good governance, the Minister for Africa said:
We are also clear about the values that support a stable, democratic, and prosperous society. Our ‘Good Business’ Action Plan highlights that human rights and good governance are essential for a country’s security and prosperity.
A country that is accountable and treats its people with dignity is more likely to foster creativity, ingenuity and economic opportunity – all prerequisites for long term growth.
Mr Simmonds had a bilateral meeting with President Museveni and hosted a lunch with Foreign Minister Kutesa. Mr Simmonds will also attend an evening reception hosted by the City of London Corporation.
The forum has been organised by the Commonwealth Business Council (CBC) and follows an event held in Kampala in April 2013, also organised by the CBC in partnership with the Uganda Investment Authority (UIA).
The high level Ugandan delegation to the London Forum is led by President Yoweri Museveni, and includes seven Ministers and approximately 40 senior officials from a range of Ugandan Ministries. The forum is also attended by senior UK business representatives from over 100 key UK companies, including Barclays, Bechtel, De La Rue, Globeleq, Investec, Tullow, Petrofac, and Standard Chartered.
Follow Foreign Office Minister Mark Simmonds on twitter@MarkJSimmonds
Follow the Foreign Office on twitter @foreignoffice
Latest News from
Foreign and Commonwealth Office
UK wins seat on top UN telecoms council03/10/2022 15:12:00
UK elected to the International Telecommunication Union’s governing council.
Sanctions in response to Putin’s illegal annexation of Ukrainian regions30/09/2022 16:05:00
UK to implement services sanctions and export ban that target Russian economic vulnerabilities in response to Putin’s illegal annexation of Ukrainian regions.
Prime Minister Liz Truss’s speech to the UN General Assembly: 21 September 202222/09/2022 14:12:00
Prime Minister Liz Truss's speech given yesterday to the 77th session of the UN General Assembly in New York.
UK tech companies eye Singapore as gateway for regional expansion22/09/2022 12:10:00
This week Singapore hosts a major delegation of 24 cutting-edge British companies exploring growth opportunities in Asia Pacific.
Foreign Secretary to condemn Russian atrocities at UN in first overseas trip in his role20/09/2022 14:05:00
Foreign Secretary, James Cleverly, will arrive in New York later today for talks with counterparts at the United Nations General Assembly.
Urgent action is needed to meet Somalia’s acute humanitarian needs07/09/2022 16:20:00
Statement by Ambassador Barbara Woodward at the Security Council briefing on Somalia
Russia has yet to achieve any of its strategic objectives in Ukraine: UK statement to the OSCE07/09/2022 14:15:00
UK Ambassador Bush thanks Belgium as incoming Forum for Security Co-operation chair for their planned focus on Russia's unprovoked, premeditated and barbaric attack on Ukraine.
Russia is playing roulette with nuclear safety: UK statement at UN Security Council07/09/2022 11:10:00
Statement by Ambassador Barbara Woodward at the Security Council briefing on the Zaporizhzhia nuclear power plant