East African Community Secretary General Liberat Mfumukeko visits PSFU

  • Private Sector Foundation Uganda

East African Community Secretary General Liberat Mfumukeko concluded his visit to Uganda with a meeting at Private Sector Foundation Uganda (PSFU). PSFU was represented by Mr. Gideon Badagawa, Mr. Jim Kabeho, MS. Barbra Mulwana, and Mr. Stuart Mwesigwa among others.

The purpose of the visit was for the Secretary General together with his team to familiarize himself with PSFU and to understand how we can work together as a community so that we can echo one voice towards economic growth as the East African Community, other than individual states.

The Secretary General also shared his interaction and discussions with African Development Bank (AfDB) President, Dr. Akinwumi Adesina in February 2019. “I used the meeting opportunity to seek support in the implementation of the 5th Development Strategy, which he said requires US$985 million over 5 years. He specifically sought support in Agriculture and Industry.”

He further informed us that AfDB will provide more support to Agriculture and Industry and especially Agri- industrialization. Therefore, he emphasized our need to prepare and share bankable projects in those sectors to the EAC Secretariat immediately for consideration by AfDB. A joint team of EAC and AfDB will work on preparing bankable projects for presentation to the AfDB coordinated African Investment Forum in November 2019 in South Africa.

He also mentioned that his visit to Uganda is to further follow up on the implementation of the 5th EAC Development Strategy which was adopted during last year’s EAC Summit. The strategy positions the private sector and industrialization among the EAC’s top priorities. Hence, the need to familiarize himself with the private sector bodies in the Community. He emphasized that it’s very critical to involve the private sector so that challenges of food security, lack of employment can be addressed collectively together with the Governments.

Mr. Gideon Badagawa together with private sector members present applauded the Secretary General’s initiative to meet the private sector, as well as the great opportunities from AfDB. They committed to work closely with EAC to ensure that our bankable projects are presented accordingly and to continuously coordinate with EAC so that we all grow and develop as a Community.