Why Invest in Uganda

Uganda enjoys a unique location at the heart of Sub-Saharan Africa within the East African region and lies astride the equator. The country is bordered by 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 Congo in the west. This land linked position, gives the country a strategic commanding base to be a regional hub for trade and investment. Uganda enjoys pivotal trade partnerships that create a viable market for business.

In the whole African nation, Uganda's economy is the fastest rising due to its political stability and economic policies. Political stability is the main success of business in Uganda. The country's political and economic environment has been consistently improving and stable since 1986. Under the leadership of H.E. Yoweri Kaguta Museveni, Uganda has been able to be a political stabilising force in the region, which has provided a secure environment for business to thrive. Security of investment is also  guaranteed under the Constitution of Uganda and the Investment Code 1991, as well as the major international investment related agreements / treaties to which Uganda is signatory.

A potential investor considering investing in Uganda, will find a well regulated highly liberalized economy in which all sectors are open for investment and there is a free movement of capital to and from the country. Uganda's economy raises because of the implementation of structural development programs. Agriculture continues to dominate the business bringing at least 80% of its export earnings. Uganda has the unrivalled potential to be the food basket of the East African Community, as well as the Great Lakes regions, with the capacity to export processed food stuffs to the wider COMESA economic bloc if more investment is targeted at processing more of the agro products. Uganda is among the leading producers of coffee and bananas. It is also a major producer of tea, cotton (including organic cotton), tobacco, cereals, oilseeds (simsim, soya, sunflower, etc), fresh and preserved fruit, vegetables and nuts, essential oils, orchids, flowers and sericulture (silk). Opportunities include commercial farming and value addition, as well as the  manufacture of inputs (fertilizers, pesticides etc.), supply of agricultural machinery and the establishment of cold storage facilities as well as the production of packing materials. Public Private Partnership investment opportunities exist in the commercial production of cereals (maize and rice) and beans.        

Manufacturing sector is also gaining success. Uganda has large under-exploited mineral deposits of gold, oil, high grade tin, tantalite,  tungsten/wolfram, salt, beryllium, cobalt, kaolin, iron-ore, glass sand, vermiculite, phosphates (fertilizer), Uranium and rare earth elements. Uganda provides special incentives to the mining sector with some capital expenditures being written off in full. 

Other viable investment opportunities that can be explored are in Services - Education, Finance, and Health.

Government has completely divested itself from these sectors and private investment is thriving in the mentioned areas as Uganda has positioned herself to be an education hub in the region. Uganda also has trainable labour; It presently produces over 20,000 University graduates per year. Quality of labour is one of the biggest attractions.

There is a need for diverse financial solutions for the quickly expanding middle class In Uganda.

The health sector is also a viable sector for investment considering many Ugandans travel outside Uganda for specialized treatment and healthcare. The investment environment has been conducive for investments in the health sector

A good percentage of health facilities are privately owned and the private sector provides a recognisable output especially in services delivered. Uganda has a growing population, therefore, has increased investment needs in the health sector. While Government and development partners' focus on communicable diseases, there is a need for innovations and private sector participation. This has created investment opportunities in health management, human resource training, e-health solutions and logistics, tertiary care services, early detection, treatment, medical tourism and manufacturing of affordable equipment and other centers of excellence that provide more investment.

Uganda is endowed with a strong natural resource base. Although Uganda is on the equator, its climate is warm rather than hot, and temperatures vary little throughout the year. The country is sunny most of the year and average annual temperature stands at 26 degrees Celsius (78 Fahrenheit). The rainy season is from March till May and October till November. Light rain season falls in November and December. Dry seasons are from December to February and June to August. With its rich endowment of rainfall, soils and favourable temperature ranges, one is certain of the return of investments. A number of crops are grown indigenously. 

Uganda has been continuously ranked as the most entrepreneurial city in the world with  our people ranking among the  most welcoming in the world. 

Efforts have been made to ease investments, consequently,  in  the Ugandan Parliament in 1991, they came up with Uganda Investment Authority (UIA), a One stop centre/shop  for  all investors into Uganda. The mission of the UIA is to promote and facilitate investment projects, provide serviced land, and advocate for a competitive business environment. The UIA works with the Government and the private sector to promote the economic growth of Uganda through investment and infrastructure development .

 Uganda Investment Authority a One Stop Centre, offers free services where investors can register their businesses and get all relevant licenses related to their business under one roof.

Currently, the core agencies include:

Uganda Registration Services Bureau (URSB) - company registration 

Uganda Revenue Authority (URA) - taxation issues

National Environment Management Authority - environmental compliance 

Directorate of Citizenship and Immigration Control - work permits, visas, etc

Lands Ministry - land ownership verification

Uganda National Bureau of Standards (UNBS) for standards guidance and certification

The Government of Uganda is developing an integrated electronic (on-line) system that will connect all investment relevant agencies, which will cut down on time and money spent to set up businesses. Currently, potential investors can apply for a license on-line via the UIA website and receive their license for free in 24 hours.

The headquarters of UIA are located at The Investment Center, TWED Plaza, 22B Lumumba Avenue, Nakasero Hill, in central Kampala. The coordinates of the head office are:0 19'18.0"N, 32 34'35.0"E (Latitude:0.321667; Longitude:32.576400)   The agency maintains a national network of UIA District Focal Point Offices, throughout Uganda and can be contacted on Tel: +256-414-301000 +256-313-301100 info@ugandainvest.go.ug P.O. Box 7418 Kampala, Uganda, Kampala Industrial and Business Park (KIBP) Tel: +256-393-202-077 +256-393-202-076 info@ugandainvest.go.ug P.O. Box 7418 Kampala, Uganda