Business in Uganda Economy Foreign Trade Exports FDI Agribusiness

Summary

Uganda enjoys a unique location at the heart of Sub-Saharan Africa within the East African region. The country is bordered by Sudan, Kenya, Tanzania, Rwanda and the Democratic Republic of Congo.

Uganda offers an exceptional opportunity for your business in the heart of Africa. Located almost in the canter of the widespread African Market, Uganda is already the preferred home of several leading Global Corporations and International Organizations.

Uganda is one of the fastest growing economies (+6%) and one of the most liberal countries for foreign investment in Africa. A place where opportunities for business are plenty, it is an ideal place to set up a bridgehead to access Africa.

Uganda's economy has great potential. Endowed with significant natural resources, including ample fertile land, regular rainfall, and mineral deposits, it appeared poised for rapid economic growth and development at independence. However, chronic political instability and erratic economic management produced a record of persistent economic decline that left Uganda among the world's poorest and least-developed countries.

Since assuming power in early 1986, Museveni's government has taken important steps toward economic rehabilitation. The country's infrastructure, notably its transportation and communications systems that were destroyed by war and neglect, is being rebuilt.

Agricultural products supply nearly all of Uganda's foreign exchange earnings, with coffee (of which Uganda is Africa's second leading producer) accounting for about 15% and fish 12% of the country's exports in 2007/2008. Exports of non-traditional products, including apparel, hides, skins, vanilla, vegetables, fruits, cut flowers, and fish are growing, while traditional exports such as cotton, tea, and tobacco continue to be mainstays.

The performance of the agricultural sector in Uganda has continuously improved. Uganda prides herself of good agricultural soils (arable land) and climate such there are enormous business and investment opportunities in the following sub-sectors:
• Fish
• Coffee
• Flowers
• Fruits and Vegetables
• Forestry

Uganda’s Information and Communications Technology (ICT) sector is dynamic and vibrant. The sector has registered double digit growth since 2000 and grew by 33% in 2006/2007. Investment inflows have been very strong and in 2006, the sector attracted in excess of US $73 million. Direct employment stands at 6000 while over 350,000 people are indirectly employed. Sector dynamism is a result of Uganda’s good ICT legal and regulatory framework, a stable micro economic environment and economic reforms pursued since the early 1990s. The telecommunications sub-sector, formerly dominated by a single national operator, has been progressively liberalised over the last 10 years.

Sample:

Scholarships Uganda

Uganda Export Promotion Board. UEPB is a Public Trade Promotion Organization which operates under the Ministry of Tourism, Trade and Industry.

The Madhvani Group is one of the largest diversified private-sector groups in East Africa, employing over 10,000 people. Starting in Uganda in 1914, the Group has developed into a widely-diversified conglomerate with a geographical spread into various African countries, the Middle East, India and North America. The Group’s current turnover in Uganda exceeds USD 100 million. The Group’s assets in Uganda are valued in excess of USD 200 million, with several units undergoing major expansion.

The Mehta Group is a multinational, multi-activity enterprise with a global presence (over 15,000 employees worldwide) spanning four continents: Asia, Europe, North America and Africa. The India - Africa connection has always been very predominant in the Mehta Group.

The AYA Group is a rapidly emerging East African conglomerate with interests in food processing, transportation and property development. Investments in real estate, factories, equipment and trucks total over US$ 100 million and the group employs more than 2,000 people.

BIDCO Oil Refineries Ltd. was originally established as a manufacturing organization, committed to using the most efficient modern technologies to produce a superior range of products. Over the years, Bidco successfully won over the market, becoming, the largest and fastest growing manufacturer of vegetable oils, fats, margarine, soaps and protein concentrates in East and Central Africa.

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Master Executive Business with Africa  - Master East and Southern Africa - Master International Business, Global Marketing and Internationalization

Business, Uganda, Economy, Foreign Trade, Exports, FDI, Agribusiness, Free Trade, agreements, Export, incentives, Information, Communications, Technology, ICT, Floriculture, Sector, fish, fruits, vegetables, Master, International Business