By Isaac Nuwamanya
On May 1st, 2023, during the vibrant Labor Day celebrations in Namutumba District, Eastern Uganda, President Yoweri Kaguta Museveni revealed an audacious plan to fortify Uganda’s reputation as a sanctuary of investment security.
This historic moment marked the inception of the State House Investors Protection Unit (SHIPU), a specialized entity exclusively dedicated to addressing all aspects concerning investors.
Demonstrating his unwavering commitment to safeguarding investments, President Museveni appointed the distinguished Col Edith Nakalema to lead this groundbreaking unit, a decision later officially endorsed by the President’s deputy press secretary, Mr. Faruk Kirunda.
Col Edith Nakalema, renowned for her exceptional leadership as the former head of the Anti-Corruption Unit in the State House, recently completed a rigorous one-year training program at the newly-established National Defense College in Jinja.
Her appointment as the head of SHIPU is emblematic of President Museveni’s steadfast dedication to fortifying Uganda’s investment landscape, ultimately paving the way for comprehensive socio-economic transformation.
Since assuming her role, Col Edith Nakalema has been actively working to foster an investment-friendly environment through a series of meticulously planned initiatives and constructive engagements.
Empowering Stakeholders for Investment Security
On July 26, 2023, Col Edith Nakalema orchestrated a highly productive meeting with key stakeholders, marking a significant stride in empowering the nation’s investors.
This initiative seamlessly aligns with President Museveni’s unwavering dedication to fostering an environment of growth and prosperity deeply rooted in robust investment security.
The meeting convened influential stakeholders whose contributions proved pivotal in strengthening SHIPU’s role as the guardian of investments.
Stakeholders passionately shared their insights and unwavering support for this transformative endeavor.
A Coordinated Approach to a Welcoming Reception
Col Edith Nakalema hosted a congenial inter-agency meeting involving prominent entities such as the Uganda Civil Aviation Authority, Entebbe Airport Management, and the Directorate of Citizenship and Immigration Control.
The primary objective of this gathering was to ensure a warm and inviting reception for foreign investors arriving in Uganda.
The meeting underscored the collective commitment to enhancing Uganda’s global image through well-coordinated efforts, emphasizing that Uganda is open for business and extends a warm welcome to investors from around the world.
Fostering Collaborative Success with MDAs and GOU-Owned Banks
On September 18, 2023, SHIPU initiated a pivotal meeting with key Ministries, Departments, and Agencies (MDAs) in conjunction with government-owned bank executives.
The primary goal was to create a secure, sustainable, and nurturing environment for local investors, setting the stage for their enduring growth and development.
This assembly marked the inception of an extensive collaborative journey aimed at empowering local investors.
Championing the SME Sector
Col Edith Nakalema engaged in a constructive dialogue with leaders of Small and Medium-sized Enterprises (SMEs) alongside officials from vital bodies such as the Uganda Investment Authority, National Planning Authority, and the Ministry of Finance, among others.
In her tweets:
“With guidance from H.E President @KagutaMuseveni, together with Director Economic Affairs @mofpedU, @URA_CG, ED of finance @BOU_Official,@NPA_UG, @ugandainvest, SG @UNCCI_UG, @URSBHQ, @StatisticsUg, we shall endeavor is to identify effective strategies that enhance support for local investors, ensuring their sustained growth and development.
This initiative reflects a shared commitment to uplifting the local business landscape and unlocking its immense potential.
With the birth of the State House Investors Protection Unit (SHIPU) under the able leadership of Col Edith Nakalema, Uganda is at a pivotal juncture in its quest to foster a secure and thriving investment environment.
With Col Nakalema’s exemplary leadership, Uganda’s investment landscape is poised for significant growth, enhanced transparency, and unprecedented security.
Investors are encouraged to reach out to SHIPU with any concerns or complaints through the following contact details.
As Uganda confidently strides towards a future characterized by investment security and prosperity, SHIPU, under the dynamic leadership of Col Edith Nakalema, is poised to serve as the steadfast shield that guards and nurtures the nation’s economic well-being.
Phone: +256 326 100 630, +256 326 100 631, +256 414 250 284
WhatsApp: +256 764 001 244
Email: info@statehouseinvest.go.ug
For the latest updates and initiatives from SHIPU, follow them on Twitter: @ShieldInvestors.