Promising to fight corruption, Nakalema woos Indian investors to Uganda
Head of the State House Investors Protection Unit (SHIPU) Col Edith Nakalema speaks in Kampala on January 14, 2025. PHOTO/HANDOUT/PPU
What you need to know:
- Col Edith Nakalema says the State House Investors Protection Unit is committed to safeguarding investors from corrupt people.
The Head of the State House Investors Protection Unit (SHIPU), Col Edith Nakalema, has assured the Indian Business Forum that none of their investors will experience fraudsters and corrupt individuals while investing in Uganda.
Meeting the Indian Business Forum led by its Director General Rajesh Kumar on Tuesday, Col Nakalema said the unit created by President Museveni in 2023 is wiping out corruption encountered by investors.
“We ensure that no investor is delayed during the process of investing in Uganda by protecting them from fraudsters, coordinating investigations of all investor-related complaints, and supporting an investor-friendly dispute resolution environment,” she elaborated.
She added: “We always ensure that the investment process is smooth and quick.”
To simplify SHIPU work, Col Nakalema noted that the unit came up with the Uganda Electronic Investors Protection Portal, a platform that safeguards investment processes in the country.
The portal offers guidance to investors through access to authentic government sources, provides a comprehensive reporting mechanism for investor inquiries and complaints, and offers robust enforcement and follow-up on reported issues, complemented by regular feedback to investors.
“This online solution ensures that the investors do due diligence before investing in Uganda. I will not stop at talking, as a soldier, I believe in implementation,” she observed.
Speaking at the meeting, Kumar informed Col Nakalema, that the forum is an arm under the umbrella of the Indian Association Uganda which focuses on strengthening business perspectives for Indians and persons of Indian Origin (PIOs) in Uganda.
These, he added, deliberate on issues that enhance business development and also build business networks that command impressive results.
The Indian Business Community, he noted, is already contributing to various sectors of the economy and expressed readiness for the community to continue investing in value addition in enterprises like mining, textile, cocoa, coffee, solar energy, among others.
The Forum’s treasurer, Manish Kalla reassured Col Nakalema that the forum is looking forward to adding value to Uganda’s raw materials like the agro-products.
