think africans could really afford cell phones. once the investment has been made, the diaspora investors have a much easier time developing local relationships and reflexes that are essential to the long - term success of the investment. the government bonds are one way that non - residents are able to invest, especially in much needed infrastructure ( power, transport and telecommunications ). government bonds, however effective in providing access to large - scale transformative projects ( for example, kenya ’ s 12 - year infrastructure bond paying 16 percent yield ), do not offer direct access to development projects run by local companies. what uganda, and both resident and diaspora ugandans need, is a way of enabling direct investments in projects which help strengthen the economy, have a developmental impact on the community and increase uganda ’ s standing as a high - growth investment destination. the ministry of foreign affairs roles in strengthening diaspora investment and entrepreneurship in uganda. the ministry of foreign affairs can play a key role in strengthening diaspora investment and entrepreneurship. it can : a ) create programmes that provide investment - related information ; b ) connect potential investors to a reliable network of local officials and financiers ; bis central bankers ’ speeches c ) cultivate feelings of connectedness by developing specific incentives for investment such as local investment events, voting rights, participation in local politics and other means of instilling a true sense of belonging in diasporans ; and d ) implement specific practices aimed at measuring the effectiveness of their efforts. without a customized and comprehensive approach, the optimal growth of diaspora investment and entrepreneurship will be stunted ; e ) together with other relevant ministries explore how highly - qualified experts in the diaspora could be engaged without the need for physical relocation, to render services through virtual interaction. the government stands a greater chance of successfully winning the hearts and minds of ugandan diaspora communities if it spends adequate time and resources developing professional, fully integrated branding and communications campaigns for the ugandan diaspora communities. reaching out to ugandan diaspora can be done through multiple promotional channels – diaspora community events, publicity, public relations campaigns, web portals, internet blogs, and other methods. leveraging technology to build a relationship with diaspora communities may represent a particular imperative if the government is to establish a role for the diaspora youth within the economic development planning. one of the greatest challenges of governments seeking to strengthen diaspora investment and entrepreneurship is determining the best way to organize national efforts to court and connect with the diaspora. should existing agencies be adapted or reorganized to engage the diaspora? should new organizations be created

emmanuel tumusiime - mutebile : the bank of uganda celebrates its 40th anniversary speaking notes by mr emmanuel tumusiime - mutebile, governor of bank of the uganda, on the occasion of the official opening of the exhibition to mark the 40th anniversary of the bank of uganda, kampala, 16 august 2006. * * * your excellency the president of the republic of uganda your excellency the vice president yours lordship the chief justice of uganda the rt honourable speaker of parliament the honourable vice chairman of the national resistance movement the rt honourable prime minister members of the diplomatic corp honourable ministers and ministers of state visiting governors and deputy governors governors emeritus religious leaders your lordship the mayor of kampala distinguished guests members of staff of bank of uganda ladies and gentlemen your excellency, the bank of uganda was established on july 1, 1966 and officially became operational on 15th august 1966 at the same time when the national currency - the uganda shilling was issued. the bank is therefore celebrating its 40th anniversary of dedicated service to this country this year. to mark the celebrations, we have planned a number of activities, including : the charity walk, where h. e the vice president was the chief walker, organized by the bank of uganda staff to raise funds to support mulago hospital ; essay competition for primary schools about the features on the ugandan currencies and their importance to the economy, aimed at increasing awareness among the young generation about bank of uganda ; the public exhibition to run for one week ; and a symposium on the theme : " central banking in a globalizing environment : challenges and way forward for bank of uganda'to be addressed by eminent scholars like professor ali mazrui and many others. your excellency, the public exhibition, which you have accepted to open today in particular, includes exhibitions of artifacts, the bank of uganda ’ s official publications, a film documentary, a money museum, launch of the book entitled “ bank of uganda, ( 1966 - 2006 ), a historical perspective ” by prof mutibwa and the launch of our 40th anniversary commemorative coin. as we reflect on the last 40 years existence of the bank of uganda, it is perhaps also fitting to take cognisance of numerous economic and monetary policy achievements realized over the years. it may also be fair to say that this country has experienced and endured a rather smooth evolution of economic policy reform and management from a controlled economy to a liberalized open economy environment. with the exception of