The State House Investors Protection Unit (SHIPU) has today organized a stakeholder consultation meeting on the minimum capital requirements for obtaining an investment license in Uganda.
During the meeting held at SHIPU head offices, the unit head, Col. Edith Nakalema noted that there was a gap in having a clear investment policy and this was after receiving a lot of concerns from the business community and government agencies.
Access to cheap capital critical to address financing gaps in large-scale projects (roads, railway, power, etc), SMEs and other key sectors has been a major bottleneck in Uganda and Africa at large as far as growth and development is concerned.
Many African nations continue to stagnate economically due to predatory financiers (banks, private equity, venture capital, and hedge fund firms in Europe), who lend on abnormal interest rates or finance such projects at unfavorable conditions.
Chinese investors have lauded H.E. Gen (Rtd) Yoweri Museveni, the President of the Republic of Uganda for establishing the State House Investors Protection Unit (SHIPU) headed by Col. Edith Nakalema.
They have further been impressed by the establishment of Electronic Investor Protection Portal (EIPP) an initiative of SHIPU under the guidance Col.Nakalema which was launched by President Yoweri Museveni on December 13, 2023.
The head of State House Investors Protection Unit (SHIPU), Col. Edith Nakalema has commended the Chinese government for supporting Uganda’s investment agenda.
She is now urging the Chinese to build on the existing good relations to increase their investments in Uganda.
She was speaking during March 7th, 2024 meeting with Chinese Embassy in Uganda officials at SHIPU offices on Plot 51B along Lumumba Avenue, Nakasero Kampala to discuss the concerns of Ugandan investors and traders.
The Head of the State House Investors Protection Unit (SHIPU) Col. Edith Nakalema has scheduled a high-level stakeholder collaboration meeting between concerned Ministries Departments and Agencies (MDAs) and associations of traders to iron out unfair trade practices they face.
The meeting slated for March 12, 2024 follows complaints by traders’ Associations under their umbrella body known as the Federation of Uganda Traders Associations (FUTA) who disclosed that they face unfair trade policies while doing business.
The Board and Management of the Kalangala Oil Palm Growers Trust (KOPGT) has pledged to commit more efforts and resources in Uganda’s economy in order to attract more investors in Palm oil production in Uganda.
This happened during a meeting between the Head of the State House Investors Protection Unit (SHIPU) Col. Edith Nakalema and the management of the Kalangala Oil Palm Growers Trust held at the SHIPU offices at Plot 51B along Lumumba Avenue, Nakasero in Kampala on February 22nd, 2024.
Kampala Capital City Authority’s (KCCA) Director of Legal Services, Mr. Frank Rusa, has underscored a need for Ministries, Departments, and Agencies to support the State House Investors Protection Unit (SHIPU) in creating a conducive investment climate in Uganda.
Professor Augustus Nuwagaba has lauded the Head of State His Excellency President Yoweri Kaguta Museveni for creating the State House Investors Protection Unit (SHIPU), stating that its work will be pivotal in attracting more investors to the country.
In his address made shortly during his courtesy visit to the Head of Unit, Col. Edith Nakalema, Prof. Nuwagaba stated that the Electronic Investors Protection Portal (EIPP) is a key platform for investors.
Domestic investors across the country have pledged to undertake efforts to encourage their counterparts to pump resources into the various sectors in Uganda as a means to bolster the development of the country.
This was noted throughout the various engagements that the Head of the State House Investors Protection Unit (SHIPU) Col. Edith Nakalema held with domestic investors at the tail-end of January.
The leadership of the Mbarara City Traders Association (MBACITA) offered to use their platforms to promote the government's persistent goal of developing local talent.
In a recent gathering convened by the State House Investors Protection Unit under the leadership of Col. Edith Nakalema, a crucial discourse unfolded regarding the growth and sustainability of micro, small, and medium enterprises (MSMEs) in Uganda.
The meeting, held on October 23, 2023, brought together key of stakeholders, including prominent figures from various government bodies, banking institutions, and industry experts.