Business 4 April 2026 Daily Monitor (Uganda)
Museveni Renews Mukiza's UIA Leadership for Second Term
President Museveni has reappointed Robert Mukiza as Director General of the Uganda Investment Authority for another five years, praising his role in boosting stability and investor trust. He urged the agency to prioritize industrial parks and land acquisition to drive Uganda towards a $500 billion economy. Source: https://www.monitor.co.ug/uganda/news/national/museveni-reappoints-mukiza-uia-boss-5413238
President Yoweri Museveni has extended Robert Mukiza’s tenure as Director General of the Uganda Investment Authority (UIA) for a second five-year term. In a letter to Finance Minister Matia Kasaija dated March 16, Museveni commended Mukiza for injecting stability and fresh momentum into the agency, enhancing Uganda’s appeal to investors.
Under Mukiza’s watch, UIA earned accolades as Africa’s top investment destination at the AIM Global Investment Awards in Abu Dhabi from 2022 to 2024. Foreign direct investment rose from $2.99 billion in 2023-24 to $3.5 billion, with 481 projects licensed in 2024-25 expected to generate over 53,000 jobs.
The One-Stop Centre has slashed license issuance time from 48 to 24 hours, while UIA secured over 57,000 acres for industrial use, operationalizing 10 parks nationwide.
Museveni directed UIA to accelerate the development of industrial and business parks by public and private entities, stressing their role in value addition, manufacturing, and job creation. He highlighted strategic land acquisition as vital for the Tenfold Growth Strategy, aiming to expand Uganda’s economy from $50 billion to $500 billion by 2040 through agro-industrialization, tourism, minerals, and innovation.
Finance Ministry Permanent Secretary Ramathan Ggoobi emphasized doubling the economy every five years via high-tech manufacturing and park operations to shift Uganda to modern prosperity.
Source: Daily Monitor (Uganda)