Africa-Press – Uganda. The Head of the State House Investors Protection Unit (SHIPU), Col. Edith Nakalema, has emphasized the critical role of transparency and accountability in fostering a conducive investment environment in Uganda.
Speaking at the closing session of the UK-Africa Business Summit 2025 in London, Col. Nakalema assured investors of Uganda’s commitment to predictable regulations, fair processes, and strong oversight mechanisms, which collectively build investor confidence.
“Transparent governance reduces risk perception, lowers borrowing costs, and mobilizes capital, whereas accountability mechanisms deter misuse, thus strengthening institutional trust,” she said.
The UK-Africa Business Summit, now in its 15th year, serves as a strategic platform for governments, investors, entrepreneurs, and diaspora stakeholders to explore and expand trade and investment opportunities between the UK and African nations.
Col. Nakalema highlighted the enabling investment climate fostered by the National Resistance Movement (NRM) government under the leadership of President Yoweri Kaguta Museveni. She also underscored the role of technology in SHIPU’s operations, noting that digital documentation expedites processes, reduces errors, and protects investors against cyber fraud.
“Real-time investment insights enable investors to receive immediate updates on the investment process, protection, and support,” she explained.
Uganda was commended during the summit as the best investment destination in Africa. SHIPU’s Investors Protection Portal (EIPP) was praised for its efficiency and as a catalyst for attracting foreign investment.
Col. Nakalema revealed that Uganda leads the East African Community in Foreign Direct Investment (FDI), capturing 24 percent of the total regional FDI between 2019 and 2023.
She noted Uganda’s consistent recognition as Africa’s top investment destination by AIM UAE in 2023 and 2024, as well as the Investment Catalyst Award at the 2023 Go Global Awards by the International Trade Council.
“These accolades reflect investor confidence in Uganda’s policy stability and market reforms,” she said.
She further emphasized the potential for building a prosperity bridge between Uganda and the UK that can transform both economies and set new standards for international investment partnerships in Africa.
The summit’s founder and chairman, Willy Mutenza, highlighted the event’s evolving focus on practical solutions and partnerships that deliver measurable outcomes. He acknowledged the challenges posed by shifting global trade dynamics, including renewed US tariffs and changing geopolitical alliances.
“Despite these challenges, Africa’s resilience continues to define its outlook. With expanding markets, a youthful population, and growing infrastructure, the continent holds vast potential for investors seeking long-term opportunity,” Mutenza stated.
Deputy Governor of the Bank of Uganda, Prof. Augustus Nuwagaba, also presented on Uganda’s sustained economic growth.
The summit was attended by several senior Ugandan officials, including the First Deputy Prime Minister and Minister of East African Community Affairs, Rebecca Kadaga; the Minister of Energy and Mineral Development, Ruth Nankabirwa; the Minister of State for Internal Affairs, Gen. David Muhoozi; Permanent Secretary, Internal Affairs Ministry, Lt. Gen. Joseph Musanyufu; Director Citizenship & Immigration Control, Maj. Gen. Apollo Kasiita-Gowa; and Uganda Tourism Board CEO Juliana Kagwa, among others.
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