Jolly Kamugira Kaguhangire, the Executive Director of Uganda Investment Authority (UIA), on how the country aims to create a million jobs by 2021.
As Executive Director of UIA since April last year, Jolly Kamugira Kaguhangire, is mandated with attracting and retaining quality investments in Uganda. The mother of four has held several leadership positions. She speaks about the big plans coming up for the ‘Pearl of Africa’:
HOW IS UGANDA GROWING IN TERMS URBAN DEVELOPMENT?
The government in the last five years has committed to develop infrastructure, which has taken the major part of the country’s budget. There are three key hydroelectric power dams providing the country’s power: Kiira (200MW), Naluubale (180MW) and Bujagali (250MW). There are also smaller dams and other renewable energy generation efforts by the government and private sector contributing to the industrialization. The service industry is expanding and power needs are growing at a rate of 10% per year. In the next two years, two dams, Isimba (183MW) and Karuma (600MW), under construction, are on course.
The government is now focusing on transmission infrastructure to ensure the energy generated will be used and exported as needed. It is an investment opportunity where public-private partnerships can be negotiated.
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