The Uganda Investment Authority (UIA) and its Kenyan counterpart, the Kenya Investment Authority (KIA), have signed a memorandum of understanding (MoU) to enhance collaboration in promoting and facilitating investment between the two countries.
The UIA-KIA MoU was signed during Ugandan President Yoweri Museveni’s state visit to Kenya.
The UIA-KIA memorandum of understanding focuses on:
The two chief executives have agreed on a structured roadmap focused on:
- Joint investment promotion efforts.
- Fast-tracking cross-border investment projects.
- Enhancing a seamless investor experience across both countries.
The strategic partnership marks a bold step towards strengthening regional value chains, boosting intra-Africa investment, and driving inclusive economic growth.
To fast-track implementation of the agreement, both UIA and KIA have embarked on high-level discussions on operationalizing it.
Commenting on the agreement, UIA’s Director General, Robert Mukiza, said the partnership lays the foundation for strengthened collaboration between the two institutions, adding that it marks a bold new chapter for Uganda, Kenya and the East African Community.
The KIA Chief Executive Officre, John Mwendwa, said: “We immediately got to work on bringing our agreement to life. Our discussions are incredibly productive, and we’ve already outlined a clear roadmap focused on: Joint investment promotion efforts.”
During the Presidential state visit, eight memoranda of understanding (MoUs) were signed to deepen collaboration across key strategic sectors, with the goal of driving economic development, enhancing bilateral cooperation, and advancing shared prosperity for the people of both nations.
These MoUs bring the total number of trade and cooperation agreements between the two nations to 25. The agreements aim to enhance cooperation in key sectors such as tourism, agriculture, transport, and investment promotion.
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