Business & Technology NewsNational NewsRegional NewsTop Story

The Investment Disconnect: Uganda’s UIA Failing to Deliver.

The Uganda Investment Authority (UIA), a government agency responsible for promoting and facilitating investment in Uganda, is failing to provide necessary support or resources for investors, making it hard for them to succeed. This has led to a decline in foreign investment in Uganda and hindered the country’s economic growth.

The investment issues in Uganda.

Established in 1991, the UIA’s mission ios to “promote and facilitate investment in Uganda, to contribute to the country’s economic growth and development.” However, the agency’s shortcomings have caused many companies to abandon their operations in Uganda.

Notable examples include:

  • J TV, a leading television network
  • Shoprite, a multinational retail company.
  • Nakumatt, a regional supermarket chain.
  • Tuskys, a Ugandan supermarket chain.
  • Game, a multinational retail company.
  • Africell, a telecommunications company.

These companies entered the Ugandan market but left due to the UIA’s inability to provide a conducive business environment.

Furthermore, the UIA’s failure to support investors has deterred potential investors, as seen in the case of Kiteezi, where a garbage management project aimed to convert waste into energy, producing electricity and reducing Uganda’s reliance on fossil fuels. However, the UIA’s lack of support and resources made it impossible for the project to take off.

Uganda’s infrastructure development has also suffered due to political interference and corruption. The lack of a functional train system, for instance, has contributed to the city’s traffic congestion.

To stimulate development, it’s essential for the UIA to reform and start providing the necessary support and resources for investors. This includes streamlining registration processes, offering incentives, and fighting corruption. Only then can Uganda attract meaningful investment and achieve genuine growth.

Related posts

PRESIDENT MUSEVENI, A KINGMAKER IN TAX RESOLUTIONS.

Dean Lubowa Saava

The Opposition’s Predicament: How NUP Handed Over Kampala to NRM

Dean Lubowa Saava

Museveni meets Kikwete On a Strategic Security Plans In The EAC

Dean Lubowa Saava

NHCC Uganda Pioneering Affordable Housing and Sustainable Urban Development

Barbra Zeka

Unknown flu-like disease kills at least 79 people in D.R. Congo

ndiwalanakiwa@gmail.com

Kabila in Rebel Territory Former DRC President Aligns with M23 as Treason Charges Loom

Barbra Zeka

 Floods In The Country.

admin

UCC Suspends Pearl FM’s License: Over Kawempe North by-elections

Dean Lubowa Saava

Seeking Justice At High Cost: Tycoon Bitature & Wife Carol Rush To Court Of Appeal To Fight Prosecution Over Shs244bn Fraud..

Dean Lubowa Saava

Uganda’s 2026 Election Heats Up: Kampala Central MP Muhammad Nsereko Announces Presidential Bid for 2026

Dean Lubowa Saava

Leave a Comment