The Speaker of Parliament, Rebecca Kadaga, want government to first track the construction of a one stop investment authority centre where government can keep track of all the investments being carried out in the country.
Kadaga said that this technological advancement can help investors’ access information about investment opportunities at their figure tips in different parts of the country.
Kadaga is on an official tour of Egypt to foster increased cooperation between the two countries.
While touring the Egyptian Investment Centre, Kadaga said that she was impressed by how Egypt was managing the investment frontier by putting into place a one stop centre with information about the country’s investment portfolio.
“The investment centre in Egypt under the stewardship of Dr. Nasr, the minister of Investment is making investment in Egypt as one of the easiest things to do. I was showed a map highlighting all the investment opportunities in the country and the available facilities to support the investment,” she said.
She said that the Uganda Investment Authority officials should be taken to Egypt to see how work is done in such a Centre in order for them to come back home and implement.
“I was told that if an investor wanted a license it would take him three hours to get that license since all ministries have an official in the centre,” she said.
Kadaga said that the centre also has an arbitration point where people with business issues can lodge complaints in case of any challenges.
She added that Uganda too needs a fully automated system that can make it easy for investors who have interest in investing in the country to seek for information as first as possible.
She said in order for government to attract more investors such infrastructure should be put in place by government to make investments easy for the people willing to invest in the country.
She said Dr. Ali Abdel Aal, the Speaker of the Parliament of Egypt, promised support to the parliament of Uganda in terms of capacity building for the staff of parliament.
“We have been taking our staff to India for studies but now the Speaker Dr. Ali Abdel Aal, has asked us to send the staff of Parliament to Egypt for more training in their Institute of Parliamentary Studies to equip them more in parliamentary procedure,” she said.