Key note address by H.E. president Yoweri Museveni president of Uganda at the Addis forum on "Investment, the shortest route to development in Africa" 8th March, 1998.

Abstract

Key note address by H.E. president Yoweri Musevini president of the Republic of Uganda at theAddis Forum on “Investment, the Shortest Route to Development in Africa”. H.E. Musevini,on his remarks highlighted that, the only viable and sustainable way of cooperation between Africa and other areas of the World is investment and not aid. Aid is limited (mere tokenism in some cases), diverts us from seeking for real wealth and promotes internal indiscipline. Africa must recognize that without adequate infrastructure, there is no short route to development. Infrastructure such as roads, electricity, telecommunications and water supplies have to be provided before we can mobilize investment into our economies. Africa will have to transform its economy through international partnerships by pooling our markets and getting assistance from our friends or developing to a stage when we are all partners in a free trade world. Africa must promote investment in science and technology to prepare for the millennium. Africa is at the crossroads of a very important historical opportunity.