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5th Economic Mkutano to scale Uganda's private sector for green economy

The government, private sector players, and key stakeholders are set to meet at the 5th Economic Mkutano on February 23, 2023, in Kampala to discuss opportunities for the private sector to break ground in the green economic zones.

5th Economic Mkutano to scale Uganda's private sector for green economy

The event is curated by Mkutano Company's David Bikhado Ofungi around practical and implementable learnings that show investment opportunities for local investors to adopt through project development.

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Ofungi said investors will be enlightened on how they can enter the green economy within their fields.

This means that property developers focused on the retail, housing, and office spaces will leave with an idea of what a pivot to developing economic zones looks like."

He noted that emphasis will be placed on technical and financial considerations for the private sector in terms of operating in green industrial zones.

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Workable ideas will also be shared from high reflection by a panel of officials from local government, policy, environment, and academia.

The program is in alignment with the Uganda Green Growth Development Strategy (UGGDS) which was launched in 2017 to propel the country toward sustainable economic growth.

It was developed to drive the green growth canons in Agenda 2030 and Uganda Vision 2040 to boost the country's transition to middle-income status.

Among the plans are the Green Economic Zones (GEZ) which offer the private sector an opportunity to branch into renewable energy, ec0-tourism, sustainable agriculture, and sustainable industrial practices.

The guidelines to run the green zones have been finalised for the private sector to start investing but it's still struggling with technical and financial hurdles.

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