Senior President Advisor to President Museveni on Agribusiness, Dr. Hilary Musoke Kisanja has said Uganda can leverage its diaspora for economic development through remittances, investments and knowledge transfer among others.
Speaking during the first Uganda Diaspora Convention in Tanzania under the theme; Harnessing the Diaspora Potential for Socio-Economic Transformation: Strengthening Uganda-Tanzania Ties’ Dr.Musoke said the Ugandan diaspora is not only a source of remittances—now contributing over shs5.5 trillion annually—but a wellspring of knowledge, innovation, networks, and entrepreneurship.
“Our citizens abroad are serving as global ambassadors, building bridges between Uganda and the world,” he said.
Dr.Musoke however said government seeks to have the remittances increased from the current shs5.5 trillion annually.
He said one of the key proposals under discussion is the establishment of a Diaspora Fund, modeled after the Parish Development Model.
“This fund will support diaspora-led investment projects, providing financial assistance for business ventures and economic activities that contribute to Uganda’s growth. This initiative will not only empower the diaspora but also ensure that Uganda benefits from your entrepreneurial spirit and expertise,” he said.
He said other countries have successfully implemented similar models—China, Ethiopia, Kenya, and Rwanda have all established diaspora investment mechanisms that have significantly boosted their economies.
- Advertisement -