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NTV, PWC to host second annual economic summit
NTV together with PwC will be hosting the 2nd annual Economic Summit on the 6th of December 2017 at Kampala Serena Hotel Conference Centre under the Theme: Triggering Uganda’s Economy through Sustainable Growth with Jobs

The keynote speaker, Juan Estrada-Valle

Over the last 50 years, Uganda has made significant development progress. Since the mid-1980’s, the economy has moved from recovery to growth. A number of economic policies and programs have been successfully implemented leading to a boost in economic growth.

In order to consolidate and accelerate this growth process, Government in 2007 approved the Comprehensive National Development Planning Framework policy (CNDPF) which provides for the development of a 30 year Vision to be implemented through three 10-year plans and six 5-year National Development Plans (NDPs) among others.

Against the above aforementioned, NTV together with PwC will be hosting the 2nd annual Economic Summit on the 6th of December 2017 at Kampala Serena Hotel Conference Centre under the Theme: Triggering Uganda’s Economy through Sustainable Growth with Jobs.”

The Rt. Honourable Prime Minister of the Republic of Uganda will be the Guest of Honour. This summit will bring together Key Government officers, development partners, economic experts and investors in Uganda to discuss ways of how to trigger our Economic growth. The keynote speaker is Juan Estrada-Valle an agribusiness entrepreneur with more than 20 years of experience in agriculture, value chain development, and market-based strategies for economic development in conflict-affected environments. He is a trade economist working with DAI Global, an international development firm based in Washington DC.

The areas of competitive advantage where opportunities have been identified include; Agro-Industry, Energy, and Cost of Money.

The Economic Summit seeks to Influence and direct the policies for design and implementation of initiatives for growing Agriculture and Tourism sectors within the Vision 2040 and the National Development Plans, create an accountability framework for measuring performance against plans, ensure that there is sustained discussion of economic matters over the wider public sector with input from the populace and Identify the role of other stakeholders like Media in driving this agenda for economic growth.

Why Focus on Agro-Industry?

Development Economists argue that for economies like Uganda where the majority of the population (70 percent) earn their livelihoods from agriculture; the consumption multipliers from growth in agriculture are higher than from other sectors. Therefore linking agriculture to industry and achieving the proper balance between agriculture and industry offers the best mechanism through which the country can transform the economy as well as deliver inclusive growth. Agro-industrialization is feasible to spur inclusive social economic growth and development.

Why Energy?

Although, the consumption of electricity per capita is low, Uganda has an estimated hydropower potential of (over 4,500MW) The total installed capacity of electric power plants that feed into the national grid increased by 5.6% from 539 Mega Watts (MW) in 2010 to 569MW in 2011 following the commissioning of the Bujagali Hydropower project in 2012. The capacity now stands at 819 MW. How does the price of power drop? What are the intricacies to consider as power becomes a true catalyst for industrial and inclusive growth?

Why the cost of Money?

Why is the Central Bank rate at 9.5% and yet the lending rates persist above 20%? Could it be because of the fundamental structural problems in the costing of money in the Economy? Might the issue lie with government pricing signal to the rest of the economy? How can these issues be addressed? How can different stakeholders in the space of money have to collectively address the challenges?

This summit aims to initiate a series of dialogues to chart a new path of progress towards the much-vaunted heights of middle-class status. What is debated should help form a blueprint that if put into action will ensure the economy makes a leap forward.

NTV has pledged to drive the discussion on Agro Industrialization, Energy and Cost of Money and will further drive the accountability agenda to the public.