By Our Reporter
Speaking to an audience of global leaders, policymakers, and sustainability advocates, Museveni condemned the actions of past Western powers, attributing the chaos and inequality of the last 600 years to “greedy, ignorant, and criminal” actors in the West.
“The last six centuries have been marred by all sorts of criminalities,” Museveni stated. “These mistakes are not necessary for building global affluence and prosperity.” He emphasized that the exploitation and parasitic behaviors of some global actors have caused untold suffering, particularly in Africa, and that the time had come for the world to adopt more equitable solutions.
In stark contrast to the exploitative practices he criticized, Museveni lauded the vision of Sheikh Zayed bin Sultan Al Nahyan, the founding father of the UAE, who championed a “win-win” philosophy for global cooperation and sustainable development.
Museveni held up Sheikh Zayed’s approach as a model for the future, urging a departure from past colonial tendencies and a collective focus on fair, mutually beneficial partnerships.
Museveni’s address also highlighted Uganda’s remarkable economic transformation since 1986, when the country’s GDP stood at just $4 billion. Today, Uganda’s GDP has grown to $55 billion, but Museveni voiced his dissatisfaction with the pace of development, setting ambitious targets for the country’s future.
He committed to adding value to Uganda’s raw materials—such as coffee, cereals, and minerals—paving the way for the country to reach a $500 billion economy in the coming years.
In his call to global investors, Museveni underscored Uganda’s attractive investment environment, citing an internal rate of return of 14.1% and promising further growth with the establishment of modern infrastructure, including railway systems to reduce transport costs.
He also highlighted the benefits of the African Continental Free Trade Area (AfCFTA) and the continent’s rapidly growing population, projected to reach 2.5 billion by 2050.
“Africa is 12 times the size of India by landmass, with significant natural resources. Yet, until recently, India had a larger population,” Museveni explained. He pointed to advancements in science and technology, asserting that Africa’s growth was now unstoppable.
“Future leadership in prosperity belongs to Africa, without a doubt, as long as we act right,” Museveni declared, signaling a turning point in the continent’s trajectory.
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