The Ultimate Secret Of investing in Uganda 

Investing in Uganda should be prioritized in your investment strategy for a variety of reasons. From its warm and welcoming people, to its magnificently high mountains and breathtaking waterfalls, Uganda, is notably the Pearl of Africa. The simply stunning forests, vast lakes, vast plains, and beautiful wetlands, flourishing rivers, rich soils, and the most favorable investment  policies undeniably make Uganda one of the most flawless business destinations.

Uganda is located in east-central Africa with a total area of 241,038 km2. It is home to more than 30 ethnic groups. Visitors’ safety and well-being are frequently on the minds of Ugandans. Uganda ranks among the top ten friendliest and most hospitable African countries, according to a recent survey.

Shouldn’t investing in Uganda come first in your investment plan? but what is the ultimate secret?

The ultimate secret lies in a combination of the political, social, economic and financial investment climate of the country

• Strategic position: Uganda is strategic laying of Sub-Saharan Africa, with South Sudan in the north, Kenya in the east, the United Republic of Tanzania in the south, Rwanda in the southwest, and the Democratic Republic of the Congo in the west.
• Great cities: Its capital, Kampala, and other major cities well vanished with infrastructures and a great people including; Arua, Gulu, Lira, Hoima, Mbarara, Jinja, Mbale, FortPortal, Soroti, Masaka, and Entebbe all provide an assured return on your investment.
• A thriving economy: Uganda’s economy is thriving , growing by 3.5-3.8% in FY2021/22 and 5.5-6.0% in FY2022/23, with a medium-term increase of 6.5-7.5%. (2 to 3-years ahead) prediction.
• This is largely due to the economy’s opening up and increased inflows of Foreign Direct Investment as a result of the declaration of the Final Investment Decision (FID) by the Government of Uganda in collaborative efforts with Total Energies Uganda and CNOOC Uganda Limited.
• Free Market:The country’s economy is completely liberalized, and there are no industry-wide restrictions on foreign direct investments.
• Favorable Policies:This positive policy position means that investors can enter the market freely, subject to any sector-specific licensing and permitting requirements.
• Infrastructure development: A number of laws have been revised to encourage infrastructure improvements and a more thriving public sector. https://investmentpolicy.unctad.org/investment-laws/laws/336/uganda-investment-code-2019
• Sectors: Agriculture (24.2%), industry (25.5%), and services (50.3%) comprise Uganda’s economy.
• Services: (tourism, science, telecommunications, and technology) and industry are the key growth sectors (oil and gas, mining, infrastructure, and construction).
• Natural resources: Uganda’s natural resource prospects include significant oil reserves with estimate of 6.5 billion barrels, despite the fact that only 40% of the country’s oil-rich areas are exploited.

More benefits include;

• A swift registration processes
• Trading cross border
• The Uganda Investment Authority One-Stop-Center
• Introduction and implementation of  the Centralized Document Processing Center, as well as an electronic processing platform that centralizes all documentary checks.
• Population: Uganda has a young and vibrant population giving you assurance for available labour.
• Plentiful Resources such as oil.

What Business leaders say

Speaking on Trade and Investment in Uganda at Uganda Diaspora Forum Business Breakfast on December 28, 2022, the United States Deputy Chief of Mission, William D. Bent, had this to say;

“Countries like Uganda that are open to international trade grow faster, drive innovation more, boost productivity, and offer more possibilities to their citizens”.

On behalf of the United States, he also committed “to continue assisting the Government of Uganda in improving the free and efficient movement of goods and services in the region by reducing trade time and cost, as well as strengthening regional trading networks’ ability to capitalize on these improvements”.

Uganda continues to provide numerous favorable investment opportunities and ensure that there is a bridge between the government and the business people.

The Expo

The country will  host the first ever East African business Expo which will happen alongside the 14th  East African procurement Forum from March 23rd to March 26th, 2023 in Kololo independence grounds, Kampala Uganda.

This intends to bridge the gap between East African procurement bodies., business people, suppliers, facilitate business matchmaking and share vast knowledge about investing in Uganda and East Africa as a whole.

Forget the trouble of investing without a guarantee of returns, try Uganda.

Ensure not to miss this Expo by registering here: ;http://:https://eabexpo.com/attend/