__________________________

Finance Minister Matia Kasaija says the Government has undertaken significant reforms to streamline processes and clear bureaucratic hurdles affecting investment in Uganda.

During the Presidential Investors’ Conference at Kololo Ceremonial Grounds in Kampala on November 29, 2023, Kasaija said their goal is to make it easier for investors to set up and operate their businesses in Uganda.

“The Uganda Investment Authority’s (UIA) One Stop Centre is a testament to this commitment. It serves as a single point of contact for all investment-related approvals, cutting through red tape and ensuring a swift and efficient process for investors,” he said.

Kasaija added that the One Stop Centre is designed to facilitate a seamless experience for investors, providing a range of services under one roof.

“Whether it’s company registration, tax permits, environmental impact assessments, or work permits, our dedicated team at the One Stop Centre is here to assist you at every step,” he told the 5,000 investors from across the country that attended the unique and one-of-a-kind investor conference.

The minister explained that this approach not only saves valuable time but also reduces the cost of doing business, making Uganda an attractive destination for your investments.

“In addition to the One Stop Centre, we have implemented a series of reforms to improve the overall business climate. We have simplified tax procedures, enhanced infrastructure, especially electricity, and invested in human capital development,” he said.

Kasaija stated that their commitment to good governance, transparency, and the rule of law ensures a stable and predictable business environment.

He noted that Uganda’s strategic location at the crossroads of East and Central Africa positions it as a gateway to a market of over 500 million people.

“With the entry of Somalia [into the East African Community recently], a growing middle class, and increasing consumer demand, the opportunities for profitable investment are vast,” he said.

He extended a warm invitation to all investors to explore the vast potential that Uganda offers.

“The Government, alongside the Uganda Investment Authority, is committed to providing the necessary support and creating an enabling environment for your businesses to thrive. Together, let us embark on a journey of shared prosperity, mutual growth, and a brighter future for Uganda,” Kasaija implored the investors.

UIA held the conference in collaboration with the State House and the finance ministry and it saw Uganda’s chief investment promoter, President Yoweri Museveni, meet face-to-face with these investors.

They ranged from small to big and were drawn from priority sectors, including commercial agriculture and value addition, manufacturing, services, and ICT.

Morrison Rwakakamba, the chairperson of UIA’s board of directors, said the conference would lead to a better environment for investment and business and strengthen Uganda’s position as the best investment destination in Africa.