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The Presidential CEO Forum
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The Presidential CEO Forum
The Forum is guided by the following objectives:
1. Harness the role and effort of the private sector in national development, while promoting industrialisation and value addition; human resource development and skilling; innovation and generally wealth creation for shared national prosperity.
2. Mobilise, sensitise, equip and provide technical assistance and capacity building to both the Private and informal sectors in their quest for wealth creation, research and development as well as identifying and strengthening linkages to human resource development, and industrialisation.
3. Identify and nurture vibrant sections of the private sector and contribute to the national development agenda through creation of reliable and skill-oriented jobs, that guarantee stable sources of income while improving the purchasing power and demand, with potential for improved standards of living and overall quality of life of Ugandans.
4. Provide a platform for both the Presidency and the Private sector, through regular or bi-annual interfaces where globally tested and economically driven solutions and ideas are shared to aid the realisation of the national development plan, while at the same time supporting Government efforts to achieve the key hardwares of peace, infrastructure such as roads, railways, electricity and skills and innovations that help grow the economy.
5. Promote, harness and popularise private sector involvement in existing local and international initiatives such as the Presidential Investors' Round Table (PIRT); African continental free trade area (AFCTA); the East African Common Market(EACM), as a means to drive national productivity and inclusion; and to help coordinate and shape a growing portfolio of private sector led empowerment programs currently on going or to be established in due course, including family business initiatives, cooperatives, wealth creation programs and entrepreneurship trainings.
6. Provide a platform that advocates for appropriate legislation, practices and policies that eliminate bottlenecks to economic growth, promote activities and practices that attract more Foreign Direct Investment (FDI) such as support to the private sector and enhanced public private partnerships (PPP) and joint ventures (JVs).
7. Advocate for and create an environment that maximises the private sector's potential and contribution towards building of national systems that curb corruption and related tendencies; adoption of modern systems and practices such as e-government, e-procurement and one stop border points that ease doing business and promote commerce and trade.
His Excellency, Yoweri K.T Museveni, the President of the Republic of Uganda welcomed all the delegates to Chobe Safari Lodge, in Nwoya District.
His Excellency elaborated that business stimuli is crucial for success of the private sector. The stimuli include peace, education, health, research, transport network (Roads, railway, water transport), electricity among others.
His Excellency said that business growth should focus on strategic stimuli. For example, on addition to good tarmac roads, there should be muram roads that connect to areas of production with the district.
The president further guided that;
• Ministry of trade, industry and cooperatives through commissioner of markets should map roads that are crucial to connecting clusters of production within the district and in collaboration with Ministry of works and Transport work on the muram roads to facilitate production and trade.
• Ministry of trade, industry and cooperatives should look into ways how to lower the cost of production through railway and water transport.
• Low cost transport strategy for cargo should be developed by respective ministries PDM aims at converting by standers into productive people who practice agriculture with calculation
• In order to increase production, irrigation and use of fertilizers are being promoted.
RESOLUTIONS ON ELECTRONIC MOBILITY
1. Government to promote use of clean energy through electric mobility through Off-take Agreements to guarantee off-take market for e-Buses, e- Bikes and Others. Relevant Vehicle Segments. This should include Affordable Finance at UDB for Public Transport operators to Buy Buses Made in Uganda, as well as other Value Chain Actors (Vehicle and Parts Manufacturers);
2. Establish Electric Mobility Tariff. Ministry of Energy and Mineral Development should put in place an e-Mobility Energy Tariff for Public and Commercial Charging Points similar to the Tariff for City Street light.
3. Develop Human Capital and Institutional Capacity for electric mobility Establish a holistic Eco-System in Uganda to provide the right mix of professionals for both white collar and blue-collar application domains as well as institutions. The Ministry of Education and Sports should work on specialized curricula on e-Mobility at Higher Education Institutions for Training and Certification of the Mobility Industry Value Chain Professionals. The Ministry of Works and Transport should put in Place a Skilling and Certification for Electric Vehicle Drivers. The Minister for Science, technology and Innovation should coordinate capacity building efforts both human and institutional.
4. Conduct Feasibility Study on the EV Battery Value Chain. Feasibility Study on the EV Battery Value Chain to Inform Investment Interventions by Government and the Private Sector.
5. Create a comprehensive fiscal package to promote value addition in the nascent Mobility industry
a) 0% Import Duty, 0%VAT and 0% With Holding Tax on Original Equipment Manufacturer Vehicle Parts, Components (Production Parts) and Materials Imported for Motor Vehicle Production by Registered Manufacturers/Assemblers of Motor Vehicles and Auto Parts;
b) 0% Import Duty, 0%VAT 0% Infrastructure Levy and 0% With Holding Tax on Plant Machinery, Tools and Equipment and All Industrial Replacement Spare Parts Imported by Registered Manufacturers/Assemblers of Motor Vehicles and Auto Parts;
c) 0% Income Tax on Expenditure on Automotive Research and Development; and
d) Income Tax Holiday for Registered Manufacturers/Assemblers of Motor Vehicles Operating in Dedicated Industrial Parks to Enable Reinvestment of Profits for Expansion and to Encourage New investments of Plant and Machinery in the Automotive Industry Value Chain.
Provide affordable trade finance to PDM Private Sector off-takers. DB should revise the interest rate from 12% to 10%.
2. Develop low cost Strategy for Cargo
a) Government through respective Ministries to construct district marram roads to connect to tarmac roads to ease movement of goods
b) Construct new Standard Gauge Railway from Kampala to Kasese and later scale it up to Kenya and South Sudan Borders.
3. Promote linkages in Value Addition for Coffee. Private sector to work with the Government-identified Investors in Coffee Value Addition to enhance Coffee Export development.
4. Enhance Presidential-Business Community interface at regional level. State house to gazette four days annually for H.E the President to interface with Business Community within the four main regions. (i.e. in the Central, East, Western and Northern).
Tax removal at the Exit stage of a Private Equity Fund. Any local taxation of gains (on shares or assets), dividends and other taxation should be removed at the exit stage of private equity investment