The Head of the State House Investors Protection Unit (SHIPU), Col. Edith Nakalema has today met and held discussions with officials from the Indian Business Forum.
The officials were led by the forum’s Director General Mr. Rajesh Kumar.
During the meeting, Col. Nakalema assured the investors that the unit which was established in May,2023 by President Yoweri Kaguta Museveni aims at simplifying processes and creating a transparent, corruption-free investment landscape in Uganda.
“We ensure that no investor is delayed during the process of investing in Uganda by protecting them from fraudsters, coordinating investigations of all investor related complaints and supporting an investor friendly dispute resolution environment,” she said.
“We ensure that the investment process is smooth and quick.”
To simplify SHIPU work, Col. Nakalema noted that the unit came up with the Uganda Electronic Investors Protection Portal, a platform that safeguards investment processes in the country.
The portal offers guidance to investors through access to authentic government sources, provides a comprehensive reporting mechanism for investor inquiries and complaints, and offers robust enforcement and follow-up on reported issues, complemented by regular feedback to investors.
“This online solution ensures that the investors do due diligence before investing in Uganda.”
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