Uganda Investment Authority new strategic plan in the offing

By David Muwanga

Uganda Investment Authority (UIA) is in the process of drawing up a new Strategic Plan for the years 2020-2025. This replaces the outgoing 2016-2021 strategic plan.

“The UIA Board of Directors asked us to come up with a draft which we shall share with them very soon and later it will be sent to a consultant to finalize,” said the UIA acting Director General Lawrence Byensi.

He said this today while briefing the visiting World Bank team on the Authority’s current developments and programmes.

He briefed them about the new Investment Code Act (amended 2019) that gives more powers to the Authority.

These include authorizing the UIA to operate and manage the One Stop Centre, establish, develop and managing Industrial Parks.

The Code also authorized UIA to partner with government ministries, departments and agencies performing functions relating to registration, licensing and approval of establishing an investment in Uganda.

These include the Uganda Registration Services Bureau, Uganda Revenue Authority, NEMA, UNBS, Directorate of Citizenship and Immigration, Directorate of Land Registration. Others are KCCA, NIRA, Uganda Free Zones Authority, NSSF, and other ministries, departments and agencies specified by the Minister by Notice in the Gazette.