The Parliamentary Finance Committee visited the Kampala Metropolitan industrial parks to get an understanding of the extent to which government has contributed to industrialization and its impact in the development of Uganda.
“This is timely because we are reviewing the Investment Code Bill 2017 which seeks among other things to facilitate and promote investment. We want to do better when it comes to facilitating investors. The bureaucracies should be broken down and the ease of doing business in Uganda should improve steadily each year” said Henry Musasizi, the Rubanda East MP who chairs this committee.
Investment promotion is a critical aspect of UIA’s mandate because it contributes directly to job creation and revenue growth for the country. The amended bill will strengthen the regulatory position of the authority and enable government develop policies that best suit investor needs.