Overview:
American and Indian investors pledged to bring new capital and IT solutions, including a traffic management system, to Uganda following a high-level meeting with government leaders
KAMPALA, Uganda — A delegation of American and Indian investors pledged to bring new capital and technology solutions to Uganda after a high-level meeting Friday with Prime Minister Robinah Nabanja and Col. Edith Nakalema, head of the State House Investors Protection Unit (SHIPU).
The foreign investors, representing sectors from agriculture to technology, met with the Ugandan officials to explore new trade and investment opportunities. During the discussions, the delegation committed to several projects aimed at boosting the country’s economy and infrastructure.
Dr. J. A. Chowdary, the head of the Indian delegation and co-founder of Portal Player, which powered Apple’s iPods, committed to providing an IT-powered traffic management system to the Ugandan government pro bono to help solve the country’s road traffic challenges. He also pledged to bring a Global AI Conference to Uganda in 2026, featuring 300 of the world’s leading AI industry leaders.
“We want to help your country to increase economic activity and tax collection,” Chowdary said. “We shall create employment opportunities for the youth in Uganda.”
On the American side, Dr. Siva Mahesh Tangutooru, a co-founder and director of IndBhoomi Agro Products, Africa, announced plans to invest over $200 million in Uganda over the next couple of years. He said the investment would create jobs for Ugandans.
Ravi Daparthi, co-founder and Global CTO of Signitives, USA, also expressed readiness to work with the Ugandan government to invest in state-of-the-art E-Systems to improve service delivery.
In her remarks, Prime Minister Nabanja welcomed the investors, highlighting Uganda as a favorable destination due to its natural resources, peaceful environment, and a young, energetic workforce. She noted the government has put in place incentives such as a 10-year tax holiday and tax-free importation of value-addition machinery.
Col. Nakalema assured the delegation of government protection, citing the Electronic Investors Protection Portal. She also pointed to recent international awards and rankings, which have recognized Uganda as a leading investment destination in Africa. Nakalema said these recognitions give her team “even more reason to enhance investor confidence.”
The prime minister directed the Uganda Investment Authority to facilitate the investors, aiming for them to be able to settle and begin operations within three months.