Government has approved a proposal to turn Uganda Investment Authority (UIA) into a one–Stop business center.
This has put to an end the hectic processes that continue to undermine efforts to promote doing business in the country.
The information minister Rose Namayanja says Cabinet observed that UIA had not yet operationalized a one-stop-center system that would ease the process of facilitating investors as prescribed under section 6(c) of the Investment Code Act 1991.
Namayanja notes that the move will lead to a reduction in time taken to get license from the initial 30 to only 7 days.
She says Uganda Investment Authority will therefore operate a dedicated One-Stop-Center web portal that will comprehensively take care of all core requirements of a One-Stop-Centre, including provision of of guiding information for investors.