<p>In line with Presidential Directive to establish 25 Industrial Parks, under Rwakakamba’s stewardship, The Uganda Investment Authority managed to mobilize over 80 square miles of land across Uganda for establishment of industrial parks. Factories in Kampala Industrial and Business Park, Namanve were only 21 by 2016. Currently,  190 factories are  operational, 165 are constructing and [&#8230;]</p>
<p>The post <a href="https://news247.co.ug/2024/03/30/hits-and-misses-as-rwakakamba-bows-out-of-uia-board-chair-position/">Hits and misses as Rwakakamba bows out of UIA board chair position</a> appeared first on <a href="https://news247.co.ug">News 247</a>.</p>

Hits and misses as Rwakakamba bows out of UIA board chair position

In line with Presidential Directive to establish 25 Industrial Parks, under Rwakakamba’s stewardship, The Uganda Investment Authority managed to mobilize over 80 square miles of land across Uganda for establishment of industrial parks.
ADVERTISEMENTAccording to sources at Uganda Investment Authority, The number of licensed investment projects grew by 58.7% from 395 projects in FY 2020/21 to 627 projects during FY 2021/22 since Rwakakamba took office.
Uganda moved 5 places up from 25th position in 2010 to 20th position in 2021 with scores of 0.4988 and 0.5418 respectively.
These include The Uganda- European Union Business Forum, Lohana, Afro Indian investment Summit, South Africa-Uganda investment summit, Somali-Uganda Investment Summit, Turkey-Uganda Investment Summit, Expo Dubai investment summit, EAC business forum, Japan Business Forum, NAM Investment and Business Summit among others.
Rwakakamba’s statutory term of office ends in May 2024 in line with provisions of the Investment Code Act of 2019.