She said the agency must take a new direction and approach to create and sustain investor confidence.
The newly appointed executive director of the Uganda Investment Authority (UIA) has announced plans and actions that she intends to take in her first 100 days in office that among others include restructuring and rebranding the agency.
Addressing journalists at UIA head office at TWED plaza in Kampala, Jolly Kaguhangire, said the one week she has been in office has showed her that the agency must take a new direction and approach to create and sustain investor confidence.
She explained that there has been lack of documentation of business processes that would have guided the agency’s operations. This, she said created room for conflicting decisions, duplicity and high cost of doing business.
She also said UIA faces limited budget and human resource which constraints the effective management of projects.
“My first mandate in the first 100 days will be to ensure that UIA kick-starts the transformation journey to make a robust organisation with inherent capacity to make Uganda a globally competitive destination for investment that will enable the country to attain sustainable and inclusive growth,” she said.
“We need to take Uganda to investors and bring Uganda to investors as well as making a robust organisation with inherent capacity to position Uganda a globally competitive destination,” she added.