By David Rupiny
The Uganda Investment Authority (UIA), in partnership with Operation Wealth Creation (OWC), has launched the Investment Profile for the Acholi Sub-region in northern Uganda.
The profile is expected to inform investors’ knowledge and inform their decision to invest in the region that is fast becoming the preferred investment destination for domestic and foreign investors.
The region’s core competitive advantages include: land availability and strategic zoning, labour force dynamics, market access and connectivity, governance and investor support, among others.
The Acholi sub-region comprises nine administrative units: Gulu City, Kitgum Municipality, and the districts Agago, Amuru, Gulu, Kitgum, Lamwo, Nwoya, Omoro, and Pader.
The sub-region also relies on a robust network of lower administrative units, including sub-counties, town councils, and parishes, which serve as vital points of contact for investors.
The sub-region borders South Sudan to the north, the Lango sub-region to the south, the Karamoja and Teso sub-regions to the east, and West Nile to the west.
Launching the investment profile at the Acholi Inn in Gulu City, the Deputy Chief Coordinator of Operation Wealth Creation (OWC), Brigadier General Godfrey Muwanguzi, urged local governments to collaborate to ensure the successful uptake of investment opportunities in the Acholi Sub-Region.
In his remarks, the UIA Director General, Robert Mukiza, said the Acholi sub-region stands out as one of Uganda’s most dynamic investment corridors, offering opportunities in agriculture, agro-processing, commercial livestock, tourism, mineral development, and value-added manufacturing.
Mukiza, represented by the Director of Domestic Investment, Richard Nuwenyesiga, said the Acholi sub-region, with fertile soils, a youthful labour force, strategic location, & regional markets, is attractive to investors.
“We invite prospective investors, development partners, and strategic collaborators to explore investment opportunities in Acholi, engage with the Uganda Investment Authority for facilitation, and join in realising the immense potential of the sub-region”, said Mukiza.
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