Col. Edith Nakalema, Head of Uganda’s State House Investors Protection Unit (SHIPU), met with officials from the Indian Business Forum to discuss ways to enhance investment opportunities in Uganda. The meeting, led by the forum’s Director General, Mr. Rajesh Kumar, aimed to strengthen business relationships and promote economic development in the country.
Col. Nakalema assured the investors that SHIPU, established in May 2023, is committed to simplifying investment processes and creating a transparent, corruption-free environment. She highlighted the unit’s efforts to protect investors from fraudsters, coordinate investigations, and support investor-friendly dispute resolution.
To facilitate investment, SHIPU has launched the Uganda Electronic Investors Protection Portal. This online platform provides guidance, reporting mechanisms, and robust enforcement to ensure a smooth investment process.
Mr. Kumar emphasized the Indian community’s significant contributions to Uganda’s economic development through investments and tax payments. He expressed the community’s readiness to continue investing in value-added enterprises, such as mining, textiles, and solar energy.
The Indian Business Forum seeks to strengthen its working relationship with SHIPU to promote more investments in Uganda. Mr. Manish Kalla, the forum’s Treasurer, reassured Col. Nakalema that they aim to add value to Uganda’s raw materials, particularly agro-products.
Col. Nakalema concluded the meeting by assuring the officials that she would engage all stakeholders to address their concerns, emphasizing her commitment to implementation. The meeting was also attended by the former Attorney General, Hon. Fred Ruhindi, and the Private Secretary to the President, Ms. Hiromi Abe.
