Kampala, Uganda: President Museveni has renewed the contract of Uganda Investment Authority (UIA) Director General Robert Mukiza for a second five-year term, citing improved investor confidence and institutional stability under his leadership.
In a letter dated March 16 to Finance Minister Matia Kasaija, Museveni credited Mukiza with revitalising the Authority and positioning Uganda as a competitive investment destination.
“I am informed that he has brought stability and new energy at the Authority during his term, which has led to improvement in investors’ confidence in the country, among others,” the President wrote.
Mukiza’s reappointment follows a series of milestones recorded during his first term. Uganda was named Africa’s best investment destination at the Annual Investment Meeting (AIM) Global Investment Awards in Abu Dhabi for three consecutive years from 2022 to 2024.
According to Bank of Uganda data, foreign direct investment (FDI) inflows rose from $2.99 billion in FY2023/24 to $3.5 billion, reflecting growing investor trust.
UIA also licensed 481 investment projects in the 2024/25 period, projected to create over 53,000 direct jobs.
Industrial Parks Take Centre Stage
Museveni has now tasked Mukiza to prioritise industrial park development as a key driver of Uganda’s economic transformation.
“The Authority should focus on supporting development and operationalization of industrial and business parks across the country both by Government and private players. These parks are the key to promoting value addition, manufacturing and job creation,” the President directed.
He further emphasised the need for strategic land acquisition through UIA to accelerate industrialisation.
Under Mukiza’s tenure, UIA streamlined investor services through the One-Stop Centre, reducing investment license processing time from 48 hours to just 24 hours.
The Authority has also secured over 57,000 acres of land for industrial development, with at least 10 industrial parks already operational nationwide.
The renewed mandate aligns with government’s Tenfold Growth Strategy aimed at expanding Uganda’s economy from $50 billion to $500 billion within the next decade.
President Museveni underscored that industrialisation, manufacturing, and value addition remain central to achieving this ambitious target.
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