Uganda’s investment climate is conducive – UIA Ag Executive DirectorBy Uganda Investment Authority
On Friday, March 22, 2019, the acting Executive Director of Uganda Investment Authority (UIA), Mr. Lawrence Byensi, gave an exclusive interview for The Daily Monitor/NTV which dealt with wide-ranging issues. Here is a report from that interview by NTV’s Christine Kasemiire.
In the interview, Mr. Byensi stated that Uganda has a conducive environment for investments, citing completed and ongoing infrastructure projects like dams and roads.
The chief executive said with the new Investment Code Act 2019, the legal and regulatory framework will improve, complemented with related laws on mining, oil and gas, etc.
On the investors’ One Stop Centre, Mr Byensi said a lot of progress has been made to reduce the time for various services an investor needs when setting up shop. He noted that five of the institutions represented at the OSC are now fully functional online.
The Executive Director said challenges aside, UIA is steady and strong on the ground with the management and staff focusing on the best ways of delivering the agency’s mandate.