President Museveni Hails Marriott Hotel And Executive Apartments Investment, Calls For Wealth Creation To Drive Uganda’s Development

The President made the remarks today while officiating at the grand inauguration and key handover ceremony of the Kampala Marriott Hotel and Marriott Executive Apartments Kampala in Nsambya, Makindye Division, Kampala. President Museveni congratulated the Chairman of Capital Shoppers Ltd, Mr. Ponsiano Ngabirano, for transforming what started as a small grocery business in Nakasero into a major investment that has now expanded into the hospitality industry through the Marriott-branded development. He cited Mr. Ngabirano’s business journey as an example of the transition Uganda needs—from dependence on imports to increased national production. “Many of the African economies have not grown because of the mistakes of the leaders. They fail to distinguish between development and wealth,” President Museveni said. He explained that while development is often associated with infrastructure such as roads, sustainable development must be supported by wealth creation. According to the President, wealth creation in Uganda should be driven by four key sectors: commercial agriculture, services, ICT and manufacturing. President Museveni commended Mr. Ngabirano for starting as an importer of milk