UIA, UNCCI Signs MoU To Boost Investment Relationship

Immaculate Owomugisha and Robert Mukiza During the signing of MoU

Uganda Investment Authority (UIA) in collaboration with Uganda National chamber of commerce and industry (UNCCI) on Tuesday this week come out an arrangement to create tangible solutions to harness good results by putting into black and white a memorandum of understanding.

According to the Director General of Uganda investment Authority (UIA) Mr. Robert Mukiza, National chamber of commerce and industry (UNCCI) is a good partner to deal with both locally and globally interms of investment. By virtue of this MoU, there will be more areas of cooperation as operation shall begin and this will definitely enhance our partnership to both locally and internationally investment, He thanked the solicitor general and attorney general for a approving the agreement.

He acknowledged that chambers of commerce are very strong interms of promotion investment efforts which makes a good condute for UIA to reach potential investors.

The long term Uganda’s investment agenda, UNCCI is the one of the best bodies that as investment Authority should tap on to push and enhance the agenda. He also emphasized that, using their scope of network UNCCI will be able to link then with more investors citing the events they normally organise internationally and locally giving an example of the incoming UK convention Samnite organised by London chamber of commerce to which the President of of Uganda is expected to attend.

This will enable UIA to promote and expose jobs to markets of investment. Concerning local investment, the vast information available for local investors can be easily share between two institutions giving an example on how domestic investors may be having money to invest but they lack information on how to invest it and make profit.

“The available information will be shared and even train local investors through this MoU arrangement” said Mukiza.

The secretary general of Uganda National chamber of commerce and industry, Ms. Immaculate Owomugisha, submitted that UNCCI being the oldest nation-wide umbrella organization for the private sector in Uganda, they appreciated upon for joining on board to Uganda’s investment body.

She recognised that within their mandet as UNCCI, Uganda investment Authority is a key stakeholders for more and different engangements they have both locally and internationally.

She admitted that there has been a lot quite anumber of things and is the genesis of the partnership.

She acknowledged that the MoU is one way of enabling the two institutions to cement their long way relationship.

According Owomugisha, UNCCI has a lot of activities; one of which is training and standards that qualify into international markets and through this, on many occasions UIA collaborated in many trainings interms of quality and quantity that needs to be provided.

She added that, concerning market research and access with business engagements, trade missions inwards and outwards through exports, the larger picture is inviting many investors which is in the main line of UIA.

“On top of that we would like to know what is required, the available opportunities and incentives, it’s through this partnership that the available information will be on time ” the secretary explained.

Because UNCCI represents different organs of government and through this MoU, it’s an opportunity to make sure that policies are done right.

Therefor they believe that arrangement will streamline and help the two entities will first trucking investment policies and changes to their business people.