His Imperial Majesty Emperor Chris Baywood Ibe, President & CEO of Baywood Group has advised African Governments to empower African entrepreneurs as a means towards achieving socio-economic development in Africa.
Delivering a paper titled “Intra-Africa trade: The key to unlocking Africa’s trade potential” at the 2015 UK-UGANDAN Trade & Investment Convention, held recently at the Troxy, London, Emperor Chris Baywood Ibe called for economic, social and fiscal policies in African economies to enable African entrepreneurs compete favourably with their global counterparts.
According to Emperor Chris Baywood Ibe, some of these include the establishment of attractive tax regimes, elimination of barriers to inflow and outflow of African owned investment funds, the development of requisite manpower through targeted capacity development initiatives, review of import policies which stifle local businesses and the creation of a pool of funds to be accessed by African entrepreneurs for in-country business startup and expansion.
The event was organized by the Ugandan Convention in partnership with Uganda Investment Authority (UIA) and is the largest Ugandan focused trade and investment forum in Europe attracting the largest gathering of investors, Ugandans in the Diaspora, government officials, business leaders and UK government officials.
Mr. Willy Mutenza, Chairman of the Ugandan Convention UK expressed gratitude to Emperor Chris Baywood Ibe who he described as “an iconic entrepreneur with an accomplished track record of excellence not only in Nigeria, but also throughout Africa”.
Other speakers included Lord Sheikh, Dr. Louis Kasekende, Deputy Governor, Bank Of Uganda, Rt. Hon Baroness Sandy Verma (Parliamentary Under Secretary Of State Department of International Development), HE Professor Joyce Kikafunda, HE Nimisha Madhvani, H.E. Ambassador Mirjam Blaak Sow, Dr. Benon Mutambi, Nuradin Osman, MD, Africa & Middle East for AGCO ( Massey Ferguson), Dr. Eng. Frank Sebbowa, CEO-Uganda Investment Authority, Mr. Ismail Ahmed, the Founder and CEO of WorldRemit, Mr Ian Harrison, UK Trade & Investment-Regional Director and Hon. Aporu Christine, Minister for Teso Affairs, Hon. Ernest Kiiza, Minister of State for Bunyoro Affairs, Hon. Nekesa Barbara Oundo, Minister of state for Karamoja Affairs, Hon. Kataike Sarah Ndoboli, Minister of State for Luwero Triangle, and Mrs. Jennifer Musisi, Executive Director-KCCA.