By Moses Kidandi
The state minister for investment and privatization Evelyn Anite has directed Uganda Investment Authority not to license any investor whose land is in the wetland in a bid to protect the environment.
The minister says Uganda cannot continue risking its richly endowed nature all in the name of investments.
The minister sounded the directive during a meeting by the Uganda Investment Authority and the local investors held today at the finance ministry to ascertain their challenges and how they need to be helped by government.
During the meeting, local investors were assured of government’s commitment towards supporting them to able to create employment opportunities and develop their country.
Patrick Bitature, the chairperson private sector foundation said local investors ought to be supported just like their foreign counterparts since they are the ones who can develop their country better.
By Moses Kidandi
Seven members of the Uganda Investment Authority (UIA) board that was recently appointed by the Finance Minister Matia Kasaija has been inaugurated.
The seven were appointed following the presidential assent to the new Investment act which among other things led to the reduction of the UIA board members from 13 to seven.
While presiding over the inauguration ceremony held at the UIA board room today, the state minister for investment and privatization Evelyn Anite tasked them to attract high quality foreign direct investments in the country.
Anite said the authority has been fond of attracting quack investors a vice that must stop.
She said the investors must be able to add value to the country’s natural resources and also provide decent jobs to Ugandans.
The minister also cautioned the new UIA board members against corruption or risk their contracts being terminated.
By Robert Ssegawa
The directorate of immigration and citizen control in the ministry of internal affairs has recruited 70 personnel get rid of fake investors.
The assistant commissioner in charge of inspection and legal services Kamugisha Ludovic says they have intensified operations to crackdown on foreigners who come as investors and then engage in petty business like selling shoes, Super markets, Pharmacy and cosmetics. He adds that so far 402 illegal migrants from India, China and Pakistan have been deported this year alone.
These were found operating in Kampala, Mbale and Jinja town.