Equity Bank urges Ugandans in Kenya to invest more in Uganda
By the AFREEQUE newsroom, based on Nile Post
Equity Bank Uganda is encouraging Ugandans living in Kenya to turn their remittances into long-term investments in Uganda. The bank made the appeal at a diaspora investment forum in Nairobi organised with UGNET, according to Nile Post.
Equity Bank Uganda has called on Ugandans living and working in Kenya to devote more of their income to investments in Uganda rather than only sending money to relatives, according to Nile Post. The appeal was made at a diaspora investment forum organised in Nairobi by Equity Bank Uganda with Uganda Network (UGNET), which brought together Ugandan professionals, entrepreneurs and investors living in Kenya.
Phionah Atuhebwe, chairperson of UGNET, described the diaspora as a source of investment capital, professional skills, innovation and international networks. Claver Serumaga, executive director of Equity Bank Uganda, encouraged participants to acquire assets and invest in their home country, while Richard Byarugaba, the Equity Group executive director responsible for asset management, recommended regular saving, investment diversification and using regulated financial institutions. Equity Bank Uganda also presented savings and current accounts intended for its diaspora customers.
