Museveni: NRM has transformed Uganda from failed state to economic success

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President Museveni has said that the National Resistance Movement (NRM) government has identified a number of strategic bottlenecks that affect the economy, noting that the bottlenecks have been confronted. The president explained that a lot of progress has been recorded in the economic sector of Uganda.
He observed that the NRM Government has been able to create jobs for wananchi and is marketing excess products through the regional economic blocs, such as the East African Community.



He added: if we fully utilize the economic blocs now in place, nothing will prevent Africa from moving forward.
The President made the remarks at Speke Resort Munyonyo where he opened the 4th four-day Africa Congress of Accountants that has attracted over 1,200 delegates.
The Congress has been organized by the Institute of Certified Public Accountants of Uganda (ICPAU) and is running under the theme ‘Accountants and Accountability; Transforming Africa’s Economies.



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President Museveni has challenged accountants to fight corruption. He also urged them to keep accounts properly as one of the ways to ensure that Uganda registers further growth.
“Keep accounts properly, fight corruption then your country will grow. Accountants must record correctly. If they are faithful in their profession, Uganda will move forward,” he observed.
President Museveni observed that they are crucial people and emphasized that society needs to have reliable accountants. President Museveni informed the accounting professionals that they play a key role in the development of a nation.



Uganda has previously been ranked one of the most corrupt countries in the world; something which analysts say is a hindrance to economic growth and development for all.
The 2016 Corruption Perceptions Index reported by Transparency International says Uganda is number 151 least corrupt nation out of 175 countries.



The President of the Institute of Certified Public Accountants of Uganda, Mr. Protazio Begumisa, revealed that the institute has been in operation in the country for 25 years. He said that the Institute has 2,400 members with 6,000 students in Uganda. He observed that to transform Uganda, there is need to increase productivity and also invest in infrastructure.



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