The Head of the State House Investors Protection Unit (SHIPU), Col. Edith Nakalema, has reaffirmed Uganda’s commitment to creating a conducive investment climate for both local and foreign investors, saying the country’s economy is steadily growing.
Speaking on NBS Television’s Morning Breeze on Thursday, Nakalema said Uganda continues to make significant economic progress, citing the strengthening of the Ugandan shilling as evidence of stability.
“We are doing well in terms of economic development. The Ugandan shilling is now one of the strongest currencies on the continent,” she said.
She explained that SHIPU, which officially began operations on July 26, 2023, was established to safeguard the interests of investors and promote a fair, transparent investment environment.
The unit’s work includes addressing investor concerns and enhancing accountability across government institutions.
“This unit is not only for foreign investors but also for local investors. We support anyone adding value to national development,” Nakalema said.
She revealed that SHIPU has held several engagements with trade unions and domestic investors to resolve persistent bottlenecks such as delays in certification by government agencies.
These, she said, are being addressed in collaboration with the Ministry of Investment.
The Unit has also intervened in disputes involving foreign investors and small local enterprises.
“We convened a meeting involving security agencies to discuss these matters, as they are a key concern we are keenly following up,” she said.
Highlighting the rise in local investment, Nakalema disclosed that 53 percent of investors in the Namanve Industrial Park are Ugandan, adding that the majority of large businesses in the country are now locally owned.
“When you look at how businesses in Uganda are growing, the majority of the big businesses belong to Ugandans. Anyone adding value at whatever level is given serious attention when they approach government offices,” she said.
Nakalema also credited advancements in digital technology for attracting more Foreign Direct Investments (FDIs), noting that the government’s digital transformation agenda has simplified investment procedures and improved service delivery.
She emphasized SHIPU’s commitment to transparency and accountability in its operations.
“It’s our responsibility as people who sit in these offices to tell the people of Uganda what the government is doing for their welfare,” she said.
The State House Investors Protection Unit continues to play a key role in maintaining investor confidence and ensuring Uganda remains a competitive, business-friendly destination — with growing attention to homegrown enterprises that drive national development.