The Uganda Investment Authority (UIA) has this morning held the Third Annual Uganda Investors’ Meeting, where its officials held discussions with over 300 members of the investor community.
The meeting was held at the Kampala Industrial and Business Park (KIBP) at Namanve and focused on key issues that affect investors in the country.
UIA officials said such a gathering enables them get investors’ feedback in turn helping the Authority improve on the promotion and attraction of investments into the country.
Among the issues being discussed include progress of the current industrial developments within the three industrial parks located within the Kampala Metropolitan Area. These are KIBP, Luzira Industrial and Business Park and Bweyogerere Industrial Estate.
“Feedback from our dear investors is a very important aspect UIA considers in decision making,” said UIA’s Executive Director, Jolly Kaguhangire.
Security was also an issue under discussion and Ms. Kaguhangire said the Authority had set up a police station at KIPB to keep away the would-be criminals. She further said UIA has extended a two kilometre water line to serve industries in KIBP such as Mukwano Industries as well as improving the drainage of River Namanve.
During the discussions investors also raised the challenges they face such as power outages and ‘unfavourable tax regimes’.
In response Ms. Kaguhangire promised she would seek solutions to the challenges.
UIA is Uganda’s investment promotion agency that provides support, serviced land and advice to investors in Uganda.