Uganda woos indian investors with promises of transparency

Uganda has stepped up efforts to attract Indian investment, with a top government official assuring investors of a transparent and corruption-free business environment.

Colonel Edith Nakalema, head of the State House Investors Protection Unit (SHIPU), met with representatives of the Indian Business Forum in Kampala to discuss ways to strengthen investment ties between the two countries.

SHIPU, established in May 2023, aims to simplify investment processes and protect investors from fraudsters. Col Nakalema said the unit had launched an electronic portal to provide guidance and support to investors.

“We want to ensure that investors have a smooth and hassle-free experience in Uganda,” she said.

The Indian Business Forum, which represents the interests of Indian investors in Uganda, welcomed the government’s efforts to improve the business environment.

“We are committed to investing in Uganda and contributing to the country’s economic development,” said Rajesh Kumar, Director General of the forum.

Indian investors are already active in several sectors of the Ugandan economy, including textiles, mining and energy. Mr Kumar said the forum was keen to explore new opportunities in areas such as agriculture and manufacturing.

The meeting was also attended by the former Attorney General, Fred Ruhindi, and the Private Secretary to the President, Hiromi Abe.

Uganda has been seeking to diversify its economy and attract more foreign investment in recent years. The government has implemented several reforms aimed at improving the business environment and reducing corruption.