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Uganda Investment Authority (UIA) board chairman Morrison Rwakakamba is bowing out next month in line with provisions of the Investment Code Act of 2019. However, he leaves with the head high having left behind a trail of accomplishments, a shoe his predecessor will find hard time to fit in. In line with the Presidential directive
373 views By Morrison Rwakakamba – Artiste and Pan African investor Aliaune Damala Badara Thiam, mostly known as Akon arrived in Uganda to engage Uganda’s chief investment promoter President Yoweri Museveni with among others plans to establish a futuristic Pan-African smart city in Uganda. What followed was a frenzy of pessimism underlined with a cancel culture narrative that seems to stick – that the government babysits foreign investors at the expense of domestic investors! This is not based on any iota of truth. The most cited incentive is the proposed public land al...
Uganda’s Manufacturing Sector Uganda’s manufacturing sector might have its challenges, but there are many public and private stakeholders intent on helping develop it During the 1990s and early 2000s, Uganda made the transition from a predominantly agricultural to increasingly industrialised country, and was praised for its economic policies of government divesture, privatization and currency reform. With the return of political stability to the country, foreign companies and lending institutions began investing in the manufacturing sector, in businesses such as cement factories,...