Kadaga: Red Tape Frustrating Local Investors

1290 Views Kampala, Uganda

In short
Kadaga said for the country to realise economic growth, priority must be given to local investors, who have a solution to unemployment.

The Speaker of Parliament Rebecca Kadaga has said that red tape is frustrating local investors in the country.

Kadaga said for the country to realise economic growth, priority must be given to local investors, who have a solution to unemployment.

Speaking at the official opening of Luuka Plastics in Namanve industrial park on Saturday, Kadaga recounted the difficulties she faced to have the plastics factory acquire the 10-acre prime land where their plants production is currently based.

"I wrote to Ajedra (then State Minister for Investment) asking for 25 acres, telling him we need to help a local investor, who he accepted to give him 10 acres," she said.

The local investor, Hajji Badru Muwanga, would later be asked to pay US Dollars 80,000 for every acre, a figure she said was outrageous.

It took the intervention of President Yoweri Museveni, who the Speaker contacted to assist the company acquire the land.


Hajji Muwanga said the company employs 956 people, and that with more support, he intends to expand and create more jobs.

"Our journey started back in 2010, and we finalised the process of acquiring this land in 2016. We now employ 956 people, 30 per cent of whom are female," he said.

Hajji Muwanga said whereas they specialise in producing and packaging bags for companies, they have a recycling plant that ensures minimal degradation of the environment.

During the consideration of the National Budget Framework Paper for the current financial year, MPs criticised government plans to incentivize investors with tax holidays, saying it creates inequity in taxation.

Government later defended the move, saying it is intended to spur economic growth through easing investment into key sectors that will improve value addition and increase production.

 

About the author

Olive Nakatudde
Olive Nakatudde is a URN journalist based in Kampala. Nakatudde has been a URN staff member since 2013.

Nakatudde started out in journalism in 2009 with Dembe FM radio in Kampala. In 2012, Nakatudde joined Voice of Africa as a political reporter. She has been a photographer since her journalism school days at Makerere University.

Nakatudde is interested in good governance and public policy, which she reports on intensively from the Uganda Parliament. She is a keen follower of cultural affairs in Buganda Kingdom and covers the kingdom's Lukiiko (parliament). Nakatudde also reports on education and health.