The American Chamber of Commerce (AMCHAM) in Uganda has made a significant impact on the country’s employment sector over the past two decades. According to recent information, AMCHAM has created over 30,000 jobs for Ugandans through its diverse membership base and substantial investments.
John Brittel, managing director of Side B Group, shared these details during AMCHAM’s Annual General Meeting (AGM) held at the Sheraton Hotel in Kampala. Brittel highlighted that AMCHAM’s membership consists primarily of multinational corporations, making up 85% of the total, with the remaining 15% being small and medium enterprises (SMEs).
Brittel emphasized that AMCHAM members have invested over $30 billion in Uganda, significantly contributing to the country’s economic growth. He noted that the chamber’s contributions account for approximately 3.5% of Uganda’s Gross Domestic Product (GDP) through tax remittance. This underscores the vital role AMCHAM plays in the nation’s development.
In addition to financial contributions, AMCHAM is also involved in promoting public-private dialogue to ensure business sustainability. Brittel stressed that engaging with the government helps businesses to benefit from favorable policies and a conducive regulatory environment.
Meg Hilbert Jaquay, the President of AMCHAM and also the head of Jakana Foods, addressed the importance of succession planning in her speech at the AGM. Jaquay urged business leaders, including seasoned entrepreneurs and family business owners, to prepare for the future by planning for leadership transitions.
Jaquay emphasized that succession planning is not only a strategic move but essential for the long-term sustainability and resilience of businesses. She urged leaders to consider the broader societal impact of their succession plans, ensuring their enterprises continue to thrive beyond their own tenure.
The AGM was attended by various members of AMCHAM, who were informed of these developments and encouraged to focus on succession planning for continued success and stability in their businesses.
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