The Vice President Edward Kiwanuka Ssekandi who is in London to address Uganda - UK Investment Convention,yesterday visited the headquarters of Worldremit a leading Money transfer company in London.
The Vice President appreciated Worldremit for supporting Ugandans in Diaspora to send money home with ease saving them the costs and risks of carrying money or using other ways as was the case in past.
He pointed out that with more than 20 million Ugandans currently using mobile phones and with the increasing access to information Communication Technologies, digital money transfer is the safest way providing secure and reliable way and bridging the financial inclusion gap.
In a meeting with the Chief Executive of Worldremit, Ismail Ahmed, Ssekandi reiterated Government's commitment to fostering a conducive business climate and called on Worldremit to consider investing in other sectors of Uganda's economy and assured him of conducive Government policies such free profit repatriation and readily available skilled workforce.
Ssekandi who was conducted on a guided tour of the company premises accompanied by Uganda's High Commissioner to United Kingdom, Julius Peter Moto, was pleased to learn that the company employs a number of Ugandans like Peter Ntende, the Marketing Manager in charge of Nordic countries.
In his remarks, the Worldremit Chief Executive Ismail Ahmed said that the company currently operating in over 50 countries and 140 receiving destinations is to open an office in kampala to serve the region saying with an annual remittance of 84 million dollars, Uganda was rated as the 4th largest receiver country in Africa and growing rapidly.
He said that his World Remit was reputed for being relevant to migrant workers from developing world who send money back home to support their family via their mobile phones adding that WorldRemit and MTN signed a global partnership that enables WorldRemit customers to send remittances instantly to MTN's Mobile Money customers also known as mobile wallets at a time when the technology is experiencing rapid uptake, especially in Africa.
Source: Ministry of Foreign Affairs