East Africa: Ui.S. Wins Best Foreign Investment Project in EA At Annual Investment Meeting

Uganda’s Investment Authority has won best Foreign Direct Investment (FDI) Project in East Africa award at the 12th edition of the Annual Investment Meeting (AIM Global 2023).

Uganda was accorded the award on Monday at a special awards ceremony held in Abu Dhabi, UAE.

The award was in recognition of Uganda’s impressive ability to handle Foreign Direct Investment (FDI). The Rwanda Development Board was named runner up.

The Uganda Investment Authority (UIA), which is the agency mandated by the county’s President to promote investment opportunities in the country, was hailed for its work in helping efficiently facilitate foreign investment in a new multi-million dollar mineral processing project.

Some 170 countries are participating in the meeting that runs from May 8 -10, 2023, including top executives, decision makers, senior corporate leaders, government officials, and civil society representatives.

The meeting seeks to help identify untapped business opportunities and promote mutually beneficial cooperation.

The award was accepted by UIA’s Director-General Robert Mukiza, who, in his acceptance speech, said, “Thank you for the award which I accept on behalf of Uganda and H. E. President Yoweri Museveni. I encourage you to continue to choose Uganda as your preferred investment destination.”

Addressing delegates, Mukiza stressed the importance of the UAE to Uganda, noting that the two countries are confronted with the same challenges: energy transition and climate change.