In a significant step towards bolstering investment protection, Col. Edith Nakalema, the head Of State House Investors Protection Unit (SHIPU) hosted a high-level delegation from the Embassy of the Islamic Republic of Iran to Uganda on 6th June, 2024 at her offices along Lumumba Avenue, Nakasero-Kampala.

The delegation was led by H.E. Mr. Majid Saffar, the Ambassador of the Islamic Republic of Iran to Uganda.

He was in company of Mr. Mohsen Aghaloo, First Secretary, and Mr. Ali Karimi, Deputy CEO of Iran Uganda Hospital.

The head of State House Investors Protection Unit (SHIPU), Col Edith Nakalema has had a fruitful meeting with Indian investors Mr. Mihir Patel, Chair of The India Overseas Trust & British Ugandan Asians@50 and Mr. Mrunal Gandhi, Principal at India gas giants Siddha Gas Technik Pvt Ltd.

The meeting, held on 5th March, 2024 at SHIPU offices along Lumumba Avenue, Plot 51B, Nakasero-Kampala, aimed to explore avenues for investment and assure the investors of protection of their investments once established.

Citing success stories of England, Japan, India, Brazil, China and Vietnam whose economic growth can be traced to Agriculture through the centuries, Col. Edith Nakalema, the Head State House Investors Protection Unit (SHIPU) is optimistic that the youth in Uganda can also do the same to spur the country’s economic growth by transitioning from Agriculture to Agri-Business.

“In sub-Saharan Africa, agriculture – crop production, fishing, livestock, forestry, pasture employs 70% of the population where smallholder activity is predominant.

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.