Finance minister Matia Kasaija has said the steady leadership of President Yoweri Museveni has kept the country’s economy resilient with low inflation rate and increasing investment flows in various areas. 

He said these areas include agricultural value addition, manufacturing, ICT, oil and gas, tourism and services.  

Kasaija made this observation at the official opening of the East African Trade and Investment Forum at Kampala Serena Hotel on Tuesday.  

The three-day forum, which started on Monday, is running concurrently with the 19th summit of the Non-Aligned Movement under the theme: “Unlocking East Africa's potential on the global stage.”

The East African Trade and Investment Forum, which started on Monday, is running concurrently with the NAM Summit under the theme: “Unlocking East Africa's potential on the global stage.” (Photo by Eddie Ssejjoba)

He also said the Government has undertaken significant reforms to streamline processes and clear bureaucratic hurdles affecting investment in Uganda.  

“The Uganda Investment Authority’s (UIA) One Stop Center 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,” the minister said.  

Kasaija also said the One Stop Center 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 Center is here to assist you at every step,” he said. 

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 Center, 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.  

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.