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Col. Edith Nakalema to wipe out rot in investment climate

A group photo with Kampala Deputy RCC and KACITA Representatives after

The Head of the State House Investors Protection Unit (SHIPU) Col. Edith Nakalema has vowed to wipe out the rot and illegalities infested within Uganda's investment climate to create a conducive environment that allows investors to thrive.

This was pledged during her meeting convened to receive and address major cries of investors within the Kampala Capital Traders Association (KACITA) held at the SHIPU office in Kampala.

"We have to assure you that our mandate is to create a conducive climate for you, starting with you domestic investors" Col. Nakalema assured investors.

She added "I can assure you that we are going to follow up and make sure that your concerns are addressed."

This assurance came at the backdrop of a string of complaints that KACITA reported to Col. Nakalema, which resulted into the swift intervention of the meeting.

In the same spirit, the chairperson of KACITA Mr Thaddeus Musoke pledged to accord Col. Nakalema full traders support SHIPU in shielding investors against imposters who con potential investors collosal sums of money.

"This office is very important because it eases our work and readily resounds to our complaints," Musoke said.

Mr Musoke lauded President Museveni for creating SHIPU reasoning that this would  quicken the process of remedying the glitches choking Uganda's investment climate. In May last year, President Museveni created the SHIPU to chiefly create a thriving investment climate in Uganda.

As a result, the Head of State entrusted Col. Nakalema to collaboratively coordinate stakeholders for a secure investment landscape. It is in the same vein that President Museveni launched the Electronic Investors Protection Portal (EIPP) to among others slash the bureaucratic process that discourage potential investors, something the United Arcade Traders, Entrepreneurs Association (UATEA) chairperson Edward Ntale strongly appreciated. He urged Col. Nakalema to deploy similar work methods she previously used at the State House Anti-corruption Unit in weeding rogue elements within the investment realm.

"The way you fought for Ugandans while you were in the [State House] Anti-corruption Unit, please accept that we report to you all our frustrations and about corrupt people within investment so that you deal with them directly," Mr Ntale told Col. Nakalema.

The meeting attracted stakeholders from Uganda Revenue Authority (URA), Ministry of Trade and the Deputy Resident City Commissioner (RCCA) Doreen Kaita.