Wednesday, December 17, 2008

Investments boss Kigozi hails Uganda’s women

The Executive Director of Uganda Investment Authority Maggie Kigozi has hailed the determination of women to engage in various investment ventures in the country. Dr Kigozi says the spirit of women investors not to be left behind reflects that Uganda’s path to development is smooth.

“The investment climate in the country is favourable, that is why everyone, including women are seriously investing,” she said.

She was on Thursday touring the multi-billion shilling Oasis Nakumatt Shopping Mall near Garden City, on Yusuf Lule road, in Kampala. The building which is under construction will be opened for business in February next year, according to the proprietor. The complex is owned by Ms Amina Hersi, under the trade mark of Oasis Hotels Limited.

Dr Kigozi said nothing is as exciting as seeing women setting up mega businesses like the Oasis complex in Kampala City.

Kampala Mayor Nasser Ssebaggala said the investment would not only provide jobs to Ugandans but also contribute taxes to Kampala City Council. Mr Ssebaggala said KCC expects to get Shs1.2 billion from the investment as ground rent every year. He said KCC is ready to give more incentives to investors.

Prince Kassim Nakibinge Kakungulu said to get such a complex in Kampala, owned by a black woman is an indication that the African woman has come of age. “Investment is a function of hard work and sacrifice to safe for the future. For an African woman, especially a Muslim woman, to put up such an investment in Kampala is great.,” he said.

Ms Hersi said the Kenya-based Nakumat Supermarket, the anchor tenant, will occupy about 60 per cent of the complex.

She said the building will house banks, coffee shops, food courts, cinemas and boutiques. The Country Manager of Oasis Hotels Ltd Andrew Sserunkuuma Walungama said the next phase will be the construction of the 200-room Oasis Hotel next year.