By Spy Uganda
The State House Investors Protection Unit (SHIPU), under the leadership of Col. Edith Nakalema, has once again convened a high-level engagement with Korean investors from Livingstone Construction Limited, Seohyun Foundation, and Nuvira Investments Uganda enterprises founded by Mr. Wan Joo Song. The delegation, led by Maj. Gen. (Rtd) David Wakaalo, met with key Government Ministries, Departments, and Agencies (MDAs) to deepen collaboration and advance efforts toward a more secure and transparent investment environment in Uganda.
Among the participating MDAs were the Ministry of Finance, Planning and Economic Development; Ministry of Works and Transport; Ministry of Energy and Mineral Development; Ministry of Water and Environment; Ministry of Agriculture, Animal Industry and Fisheries; Uganda Revenue Authority; Uganda Investment Authority; National Environment Management Authority; the National Bureau for NGOs, and Hon. Fredrick Ruhindi.
In her opening remarks, Col. Nakalema applauded the transformative contributions of the Korean-founded institutions—particularly in infrastructure development, community empowerment, and investment-led innovation. She emphasized Government’s unwavering determination to eliminate bureaucratic delays, curb corruption, and strengthen coordination across MDAs through the Electronic Investors Protection Portal.
“Uganda is attracting major new investments, and SHIPU is committed to ensuring that every investor operates in an environment that supports innovation, job creation, and sustainable economic growth,” she said.
Representatives from the Seohyun Foundation, Mr. Wan Joo Song and Mr. Joon Soo Song, reflected on their 15-year investment journey in Uganda, noting contributions across education, agriculture, agro-processing, livestock, forestry, and community development. They reaffirmed their long-term commitment to Uganda, unveiling plans to establish a Korean Industrial Complex in Mukono—an initiative aimed at bringing reputable companies in energy, health technology, and manufacturing into the country.
The delegation praised Uganda’s vast potential—its youthful population, favorable climate, and stability—but also highlighted challenges that need urgent attention. These include speeding up approval processes, reducing administrative bottlenecks, and easing the importation of machinery and equipment essential for large-scale projects.
SHIPU pledged to work closely with all partner MDAs to address these concerns and accelerate the expansion of high-impact Korean investments. The Unit reaffirmed its mission to safeguard investors, promote transparency, and ensure that Uganda remains a top destination for both regional and international investment.
As Uganda continues to open its doors to major global investors, SHIPU’s proactive engagement signals a strong national commitment to fostering a business environment where investments are protected, partnerships thrive, and sustainable development takes centre stage.
