A major element of reforming business operations is to invest in peace so as to guarantee the security of persons and property, according to President Museveni.
He says Uganda has not compromised on this in terms of budgetary resource allocation and having requisite provisions in the law.
This was contained in speech read for him by the Prime Minister Dr. Ruhakana Rugunda, at the opening of the sixth Ease of Doing Business Initiative Conference for Eastern and Southern Africa.
The three days conference is taking place at Kampala Serena Hotel with over 400 delegates from over 15 countries.
The President noted that prosperity of a nation is built around a minimum of five pillars namely; security to guarantee business operations in a fragile and conflict affected States, infrastructure, private sector investment, ICT, and regional integration.
Museveni said government had put a lot of emphasis on infrastructure using local resources complemented with loans.
“We have also involved our regional partners, to prioritize the funding and implementation of key infrastructure within a regional context,” he said.
The President said government was also paying attention to the regulatory burdens that businesses face in a life cycle that begin with business registration, getting electricity, registering property, getting credit, protecting investors, paying taxes and trading across borders.
The objectives of the Ease of Doing Business Initiative Conference, was for member states to acquire knowledge to improve the investment climate and increase investment flows and export markets, within the respective countries and regions, among others.