Uganda Triumphs as Awarded Best FDI Project in East Africa

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  • Uganda Investment Authority bagged a gold award for significant investment project in 2022. 

  • The country beat six other countries to emerge as the “Best”.

Uganda was recognized and awarded for its impressive ability to handle Foreign Direct Investment. At the 12th edition of the Annual Investment Awards (AIM Global 2023), the Republic of Uganda’s Investment Authority was honored for the ‘Best FDI Project in the East Africa Community Region’. The special awards ceremony was held in Abu Dhabi.

 

The Uganda Investment Authority (UIA) promotes investment opportunities in the country mandated by the country’s president. The agency was acknowledged for its ability in supporting and efficiently facilitate foreign investment in a new multi-million dollar mineral processing project.

 

Leaving behind six other countries, Uganda emerged as the best investment destination in East Africa and bagged the gold award for attracting the best investment project in 2022 at the AIM 2023. The Annual Investment Meeting is a leading platform for investors in the world, where more than 170 countries converge to participate in exhibitions and lobbying investment.

Robert Mukiza, UIA’s Director-General accepted the award on behalf of the country. On receiving the award, he said “Thank you for the award which I accept on behalf of Uganda, and H.E. President Yoweri Museveni. I encourage you to continue to choose Uganda as your preferred investment destination”. 

 

In a statement, the Ministry of Foreign Affairs hailed Uganda’s top rank as essential to attracting Foreign Direct Investment (FDI), technology transfer, and promoting the country’s exports and tourism. 

In a tweet, the State Minister for Finance, Miss Evelyn Anite who is in charge of Investment and Privatisation, said, “Congratulations team we did it for Uganda and this only means more factories and jobs for Uganda and Ugandans”.

 

Uganda has become more appealing to international investors with the country’s president at the forefront of gathering investors from across the world to invest in Uganda’s virgin areas like the mineral and agricultural sectors. 

The president has also put together the State House Investors Protectorate Unit to protect investors from corrupt government officials who ask for bribes from potential investors, which leads to frustration when such refuse to give bribes.

The 2023 Annual Investment Meeting was held under the theme “The Investment Paradigm Shift: Future Investment Opportunities to Foster Sustainable Economic Growth, Diversity, and Prosperity”. The meeting gathered investors, experts, decision-makers, and academic figures across the world to deliberate on the shift in the global investment landscape.

Officials from the Uganda Wildlife Authority, Uganda Export Promotions Board, and Uganda Free Zones Authority were also part of Uganda’s delegation from the UAE Embassy and UIA. 

 

The AIM Foundation brought about the Annual Investment Meeting initiative. The foundation is an independent international organization fully dedicated to empowering the world’s economy by boosting productive promotion strategies and providing opportunities for economic productivity and expansion. 

The meeting took place in Abu Dhabi the United Arab Emirate’s capital city for the first time.

 

Dawood Al Shezawi, the Chairman of the Annual Investment Meeting celebrated the event and remarked “We look forward to sharing our vision for the future and exploring new partnerships that will help drive global economic growth”. 

 

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