The Presidential Investors’ Round Table (PIRT), which is chaired by H.E the President, is a high level forum that brings together a select group of both foreign and local investors to advise Government on how to improve the investment climate in the country.
The PIRT process and engagement, which is coordinated by the Rt Honourable Prime Minister in collaboration with UIA, has continued to grow and develop since its launch in 2004. Previous PIRT Phases have focused on selected strategic thematic areas namely:
PIRT Phase I (2004 to 2006):
ii) Information and Communications Technology,
v) the Regulatory Environment.
PIRT Phase II (2007 to 2009):
i) Agriculture (Forestry, Biotechnology and Agro processing),
ii) ICT/Business Processing Outsourcing,
iii) Business Climate,
iv) Mining and Petroleum,
PIRT Phase III (2009 to 2012):
i) Agricultural Production and Value Addition,
ii) Competitiveness in Doing Business,
iii) Transport and Logistics,
v) Creative Industry,
vi) Petroleum (Oil and Gas)
PIRT Phase III (2013 to 2015)
i) Agriculture Development,
ii) Information and Communications Technology,
iii) Oil and Gas
The Presidential Investors Round Table is used as a vehicle for Public Private Dialogue. It acts a business – government coordination mechanism. The work of PIRT also helps development partners especially World Bank`s private sector development and investment climate programmes. PIRT`s are also undertaken in various African Countries including; Ethiopia, Ghana, Mali, Senegal and Tanzania.
PIRT Phase V (2015 to 2017): was launched on Wednesday 19th August 2015 and focuses on four thematic areas namely
i) Energy and Petroleum (Oil and Gas),
ii) Minerals and Mineral Beneficiation,
iv) Uganda`s Competitiveness and ease of doing Business.
Each area is handled by a Technical Working Group of private and public sector members. The Secretariat Team is composed of UIA Staff who render services (sector specific research, document review, initiating meetings, advising the Chair, linking private sector and Government,etc) to various Technical Working Groups (TWG) formed along thematic lines above.
The Office of the Prime Minister and UIA continues to coordinate the process with Africa Matters headed by Baroness Lynda Chalker, the project consultant.
Regulatory Environment (Competitiveness in doing business)
- Formation of a PIRT Cabinet Implementation Committee chaired by The Rt. Hon Prime Minister.
- Establishment of the One Stop Centre at Uganda Investment Authority
- Construction of the Kampala Industrial and Business Park in Namanve
- Creation of the Credit Reference Bureau
- Enactment of several commercial laws i.e company law, Free Zones Law, Capital Markets law, Insolvency Act, Trade Marks Act, Partnership Act
- Liberalization of the Pension sector
- The Ministry of Public Service issued performance contracts to Top Level Management in Ministries
- A study to establish the infrastructure fund was undertaken
- Autonomy of the Uganda Registration Services Bureau was realized
- Computerization of the Land Registry
Agriculture and Agribusiness
- Increase of levy in export of raw hides and skins
- Putting in place the agricultural loan guarantee scheme in commercial banks
- Re-capitalization of Uganda Development Bank
- Extension of support to seed producers (Agro-Genetic Technology Ltd and Victoria Seeds Ltd)
- Enactment of the Plant Protection and Variety Act
- Establishment of the Phosphate multi product development project in Sukuru – Tororo
- Establishment of a high quality laboratory with seed testing technology at Namalere
- Elevating Kituuza into a fully-fledged National Coffee Research Institute
- Kituuza in Mukono has been elevated to a fully-fledged National Coffee Research Institute (NaCORI) and this has greatly enhanced the research capacity in the coffee industry.
- Government has established a high quality laboratory with seed testing technology at Namalere. This facility will facilitate identification of fake inferior seeds.
- The Plant and Seed Act 2006 has been operationalized, initially, by constituting the National Seed Board. The National Variety Release Committee and the National Seed Certification Services Unit have been established and are functional.
Petroleum, Oil and Gas
- Establishment of the Uganda Petroleum Institute Kigumba
- Enactment of the Petroleum laws and drafting of the Petroleum regulations.
- Ministry of Energy and Mineral Development signed an MOU on the commercialization plan with licensed Oil companies.
- Establishment of the Petroleum Regulatory Authority
- A lead Investor to develop the oil refinery was selected – RT Global Resources Consortium
- EAC partner states are working on a feasibility study to assess the most economic route for the crude oil export pipeline.
- Another round of licensing was opened
- Development of the TC 16 standards for the oil and gas sector. 30 standards out of which 20 standards have been approved by the National Council for Standards; these standards cover petroleum exploration, development, production, refining and transportation.
Mining and Value addition
- Government revised the Extraction Industry Tax regime. The approved tax amendments were pronounced in the 2015/16 Budget
- Uganda Investment Authority is ready to allocate up to 100 acres of land to investors in the mining value addition sector for investment purposes in different parts of the country.
Information and Communication Technology
- Operationalization of the National Information Technology Authority of Uganda (NITA-U)
- Enactment of the Cyber Laws of Uganda
- Implementation of the National Identity Card Project
- Creation of the Intellectual Property special units in police
- The Uganda ICT Association was formed
- Uganda secured its own national Internet Protocol address infrastructure
- Significant reduction in broadband through attraction of key players such as Secom, TATA whose presence reduces middlemen in connection to the undersea cable.
Transport and Logistics
- Investment in a wide gauge railway network
- Revision of exclusive rights agreements in the air service industry
- Decongestion of Mulago Hospital