In a significant effort to bolster investor confidence and safeguard investments in Uganda, Willy Mutenza, Chairman of the UK-Uganda Business Summit, recently met with Col. Edith Nakalema, the head of the State House Investors Protection Unit (SHIPU).

Their discussion which took place at SHIPU offices located on Plot 51B along Lumumba Avenue, Nakasero-Kampala focused on how SHIPU can extend its support to investors and Ugandans in the diaspora who have been victims of fraud while attempting to invest in Uganda.

In a significant step towards bolstering international investment and collaboration, the Honorary Consul of Uganda to (Antalya) Turkey, Emek Basak Eker, along with esteemed journalist and political commentator Mr. Andrew Mwenda, have expressed profound admiration for the Uganda Electronic Investors Protection Portal (EIPP).

The portal, an initiative under the State House Investors Protection Unit (SHIPU) led by Col. Edith Nakalema, aims to streamline and safeguard the investment process in Uganda.

On April 19th, 2024, all roads led to Ntare grounds in Mbarara City, western Uganda for a Regional Business & Investment Symposium.

This was coordinated by the State House Investors Protection Unit (SHIPU) headed by Col. Edith Nakalema in collaboration with Mbarara City Traders Association (MBACITA) and key officials from ministries, departments, and agencies (MDAs) in Trade and Finance.

The Uganda Investment Authority (UIA) convened its much-anticipated Investors Baraza at the flagship Kampala Industrial and Business Park in Namanve on 12th April, 2024.

The head of State House Investors Protection Unit (SHIPU) Col. Edith Nakalema has today met and held an interactive discussion with the leadership of the Uganda National Chamber of Commerce and Industry (UNCCI) as part of the efforts to promote and protect interests of the business community in Uganda. 

Col. Nakalema is of the view that the business people under the chamber play a big role in promoting investments in the country since they are a source of income and add value to Uganda products, among other advantages. 

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.