Uganda Investment Authority to launch new website

"Most people outside the country are concerned about outdated content, the new website will provide updated information on the authority's activities, incentives offered for investors like in Information and Communication Technologies," said the authority's director for strategic planning Kelemente Kyoratungye.

"We have all that information documented here but this requires one to move from either outside the country or from within the country to the authority offices but with the new website one will be able to access the information from any part of the world," he told a press conference in Kampala on Thursday.

This will be part of the activities to mark the first authority's Investment Week whose objective is for the authority to interface with the public and provide information on the status of investment in the country.

The authority will also inform the public about the five year strategic plan that is aimed at creating one million jobs and licensing 7,000 projects.

Other activities that will be held during the week include the launching of the World Investment Report on 16 October and a stakeholder workshop for the authority's strategic plan in Kampala on 18 October.

There will also be the official opening of the authority's offices, launching of a new logo and strategic plan.

"After unveiling the authority's new face to the public, we shall have an investment public lecture on Thursday 25th at which we shall interface and have dialogue on investment issues," said the authority's executive director Dr. Maggie Kigozi.

"We have prepared a five year strategic plan scheduled to be launched on October 23rd that is aimed at mobilizing more investors to look at Uganda as an investment destination. We are targeting a growth rate of 30% annually in the licensing of projects that would result into 7,000 projects and a 39% growth in jobs that would lead to the creation of one million jobs," she said.

She also pointed out that the strategic plan is also aimed at responding to the rapid growth of foreign direct investment in the country.

She said information will flow to the public through planned events that will include a stakeholders workshop for the strategic plan to be held on 18 October.

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