Minister Amina Mukalazi Pledges to Strengthen Uganda's Investment Climate
Summarized and contextualized by DistantNews.
At a glance
- Uganda's new Minister of State for Privatization and Investment, Amina Mukalazi, pledged to improve the investment climate by addressing bottlenecks and enhancing investor confidence.
- Mukalazi emphasized collaboration with investors, government agencies, and development partners as a key priority in her new role.
- She also aims to prioritize value-addition investments to create jobs and support industrialization and export-led growth in Uganda.
Uganda's new Minister of State for Privatization and Investment, Hajjat Amina Mukalazi, has pledged to strengthen the nation's investment climate. Upon officially assuming office, Mukalazi stated her commitment to working closely with investors, government agencies, and development partners to tackle existing challenges and boost investor confidence.
During a handover ceremony, Mukalazi outlined her priorities, emphasizing collaboration as crucial for resolving issues that affect investors. She aims to foster an environment that encourages both domestic and foreign investment, recognizing its importance for economic growth. The minister also highlighted a focus on value-addition investments, which she believes are essential for generating employment opportunities for Ugandans and driving industrialization.
Mukalazi thanked President Yoweri Museveni for the appointment and commended her predecessor, Evelyn Anite, for her contributions. Anite, in turn, acknowledged the ministry's technical team and highlighted achievements during her tenure, including the expansion of industrial parks in Namanve and Mbale. Dr. Ramathan Ggoobi, Permanent Secretary and Secretary to the Treasury, welcomed Mukalazi, stressing the critical role of the investment docket in accelerating Uganda's economic growth strategy.
I will focus on strengthening Uganda's investment climate by working closely with investors, government agencies, and development partners to address prevailing bottlenecks and enhance investor confidence.
Originally published by AllAfrica Uganda. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.