Investors’ facilitation to cost sh61b
Feb 13, 2007
ALL services required by an investor before setting up a business will be provided by the Uganda Investment Authority (UIA), a project that will cost sh61.4b.
By Mary Karugaba
ALL services required by an investor before setting up a business will be provided by the Uganda Investment Authority (UIA), a project that will cost sh61.4b, the executive director, Dr. Maggie Kigozi, has revealed.
Kigozi said the four institutions, which provide the required services, had established departments at UIA’s offices.
The institutions include the Uganda Registration Service Bureau, Uganda Revenue Authority, Uganda Lands Commission and the National Environmental Management Authority.
The development follows President Yoweri Museveni’s directive to make UIA a one-stop centre to limit problems faced by the investors.
Kigozi was briefing the economic monitoring minister, Christopher Kagimu, on the progress of the project.
“The work involves approval of licences, registration, immigration, customs issues, land acquisition and others. This will be done at no cost,†she explained.
However, Kigozi observed that despite the presence of the institutions’ departments, immigration and land issues remain major challenges.
She said: “The land is not enough. Most land suitable for investment has squatters or bonafide occupants. To get this land, you need to compensate the owners, which is expensive.â€
Kagimu advised the authority to write a proposal about the services needed by investors and forward it to the Government for support.
ALL services required by an investor before setting up a business will be provided by the Uganda Investment Authority (UIA), a project that will cost sh61.4b, the executive director, Dr. Maggie Kigozi, has revealed.
Kigozi said the four institutions, which provide the required services, had established departments at UIA’s offices.
The institutions include the Uganda Registration Service Bureau, Uganda Revenue Authority, Uganda Lands Commission and the National Environmental Management Authority.
The development follows President Yoweri Museveni’s directive to make UIA a one-stop centre to limit problems faced by the investors.
Kigozi was briefing the economic monitoring minister, Christopher Kagimu, on the progress of the project.
“The work involves approval of licences, registration, immigration, customs issues, land acquisition and others. This will be done at no cost,†she explained.
However, Kigozi observed that despite the presence of the institutions’ departments, immigration and land issues remain major challenges.
She said: “The land is not enough. Most land suitable for investment has squatters or bonafide occupants. To get this land, you need to compensate the owners, which is expensive.â€
Kagimu advised the authority to write a proposal about the services needed by investors and forward it to the Government for support.