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1st and 2nd Rows: (L-R): Mr Ramadhan Bukoma, Ms Mary E.K. Katarikawe, Ms Shifa Ndagire Kaddu, Mr Juma Kisaame (Chairman), Prof. George Pikwang-Jalobo, Ms Olive Kigongo
3rd and 4th Rows (L-R): Eng Tobias K.R. Karekaho, Mr Patrick Byabakama Kaberenge, Eng Dr Frank B. Sebbowa, Mr Aga Sekalala Jr, Mr Sasagah Godfrey Wanzira, Mr Fred Ogene Mugabo, Mr Moses Kaggwa
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More than a year has gone by since the board was inaugurated on 21st January 2015. I am honoured to chair such an illustrious board, with which we are designing strategy to steer Uganda Investment Authority (UIA). We are a balanced and diverse board, comprising myself as Chairman and the Directors that bring with them diverse experience from a wide range of professional, business and public office backgrounds.
My overarching goal as the Chairman of UIA is the creation of employment in Uganda. As a Board, we are looking at a radical increment in the number of jobs that can be created over the next five years. This means we are going to do a number of things differently. However, some pre-requisites have to be put in place for this to happen
"
Juma Kisaame
UIA Board Chairman and Managing Director, DFCU Bank
(Uganda Investment Review)
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Editorial
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Greetings from Uganda Investment Authority! It’s time for your second Investment Coffee break with UIA. Thank you for all the feedback regarding our inaugural issue. Many of you wondered why it should come out only thrice a year. We promise to increase the frequency as soon as we are able. In this issue, you will find UIA all over coffee again!
We organized a coffee industry dialogue at Hotel Africana in Kampala to underscore the need to add value to coffee from farm level up the table. In the meeting, UIA sought to exchange ideas with the coffee business sector and lay strategy on how to attract investment into coffee processing from the markets to which they export as well encourage them to form joint ventures that could engage in value addition.
It was a tall order, considering the investment in processing involved; however, the sector members did make some very good recommendations and took some of UIA’s advice as well.
This update also provides a statistical overview of the status of licensed investment from October 2015 to March 2016. You will be glad to know that after a decline in the number of projects licensed during the election period, investor confidence is now on the increase.
Sustaining this confidence requires an ‘out of the box’ strategy, which is exactly what the UIA Board had done. The new strategy 2016 – 2020 requires UIA to create one million jobs in five years! A number of UIA staff members have received training to deliver on this strategy, thanks to the Government of Ireland that provided the funds and expertise from International Development Ireland.
The details of this training and the launch of the eBiz portal www.ebiz.go.ug that is being developed to quicken government service delivery, as well as a number of UIA activities aimed at enhancing investment, can be found by navigating through this issue.
We appreciate the time you have chosen to spend reading this material. Please do not hesitate to drop us an email for any clarifications or further discussion on any investment issues.
Till next Investment Coffee Break
Editor
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eBiz launched and Activated
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| Hon Prof Tarsis Kabwegyere, Minister General Duties in the Office of the Prime Minister, launches the ebiz portal |
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The electronic one stop center is here at last! The Minimum Viable Product (MVP)
of the eBiz, which was launched on 22nd January 2016 at the Office of the Prime Minister, is accessible via www.ebiz.go.ug.
The portal is an effective solution that will offer an investor the option of applying for, and processing of, the various licences and permits he/she requires from the comfort of their office or home..  Read More
Ireland facilitates staff capacity building
Five day training, from 1st to 5th February 2016, on Strategic Investment and Export Promotion was undertaken by 16 UIA staff at the Royal Suites, Bugoloobi. he training was funded through the Government of Ireland’s Africa.
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UIA wins Private Sector Development Award
For the first time, Private Sector Foundation Uganda (PSFU) considered Government Agencies as a fourth category in their annual Private Sector Development Awards, which were held on 10th February 2016
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Quarter (Qr) two of financial year 2015/16 registered an increase in number of licensed projects from 86 in Q1 2015/16 to 104 in Q2 2015/16.
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SME's Driving the Economy
The last thirty years have seen Africa change from an economically backward continent to being the world’s most exciting economic frontier. By 2035 the number of Africans joining the work age population will surpass the rest of the world combined according to the International Monetary Fund (IMF).
At the moment Africa is offering hope to more than 200 million youth between 15-24 years to become a new generation of accomplished and engaged youth.
It is clear that there’s something unique about what is happening to the continent, which experts say is on course to achieving an economic growth of around 4.5% by 2016.
Africa has grown despite the global recession, Eurozone crisis, low growth and stagnant wages in the west and a slowdown in china.
This development carries the uphill task, of creating jobs for 600 million people in the next 15 years to absorb the ever growing global workforce, mainly in Asia and Sub-Saharan Africa.
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