By Evelyn Anite the state minister for finance, investment, and privatization has quashed allegations that the appointment of Col. Edith Nakalema, and the establishment of the Investors Protection Unit elucidates the president’s lack of confidence in the Inspectorate of Government and State House Anti-Corruption Court.
This comes in light of President Museveni’s decision to establish a specialized unit affiliated with the State House (Investors Protection Unit) to safeguard investors against bribery requests from politicians and technocrats to expedite their efforts to invest in Uganda something he says cripples’ the country’s economy
While speaking to journalists at the Uganda Media Centre ahead of the forthcoming Presidential Investors Roundtable set to take place at Kololo Independence Grounds on November 29. Evelyn Anite said the establishment of the Investors Protection Unit under Col. Edith Nakalema is spot on, arguing that investors have been previously forced to close businesses in the country because of the unscrupulous individuals who fleece investors by soliciting bribes.
“You should know that investors not only get facilitated by Uganda’s Investment Authority UIA, but they also need an independent body like the investors in oil and gas. There are issues in the Ministry of Lands that have nothing to do with UIA.” Said Anite.
Similarly, Morrison Rwakakamba, the Uganda Investments Authority (UIA) Board Chairman has said the government has allocated over Shs200b post COVID Recovery Funds to facilitate small businesses and investors to capitulate their businesses. He said, Ugandans in value addition are eligible to benefit from these funds at 10%.
And on the other hand, Robert Mukiza, the Executive Director of UIA has also asked individuals willing to participate in this year’s Presidential Investors Roundtable and benefit from the post-COVID recovery funds to formalize their business by registering with the authority online via the UIA portal.
