AREAS OF INVESTMENT
Uganda is among the leading producers of coffee, bananas and oil seed crops (sesame (simsim), soybean, sunflower, etc). It is also a major producer of other crops like tea, cotton organic cotton, tobacco, cereals, fresh fruit & vegetables and nuts, essential oils, flowers, poultry, freshwater fish.
Opportunities for investment exist in;
- Commercial farming in both crops and animal industries as well as aquaculture.
- Food chains such as American brand KFC, McDonalds, Nando’s and many others to supplement on the local food productions.
- Value addition (Agro-industries -Agro-food industries
- Manufacturing of inputs (fertilizers, pesticides etc)
- Cold storage facilities and logistics
- Farm Machinery manufacturing and assembly
- Irrigation Schemes
The country has been zoned into specific production areas and in order to ease logistics and supply of Agricultural products / source of raw materials, all these areas are well linked to a good national road grid network
The distinctive attraction of Uganda as a tourist destination arises from the variety of its game stock (Including the rare tree climbing lions of Ishasha, white Rhinoceros, Gorillas, elephants and its unspoiled scenic beauty including forests, hills and Mountain Rivers and lakes. 51% of the world’s population of mountain gorillas live in Uganda.
Uganda is home to 11% of the world’s birds species (a total of 1060 birds species) which offers a wide range of bird species.
The opportunities in tourism include;
- Constructing high quality accommodation facilities.
- Construction of a wildlife/forest lodge to provide additional accommodation to mid-range travelers to Uganda’s protected areas (PAs). The proposed locations include Mabira and Budongo forests, Queen Elizabeth National Park (QENP) and Murchison Falls National Park (MFNP). The project is also aimed at providing water rafting services between Karuma and Murchison Falls, game drives, angling and nature walks in addition to accommodation.
- Establishment of a white sand resort beach to offer a complete package of lodging and dinning for tourists/ visitors, and conference hall for different clients for holding meetings and seminars.
- Operating tours and travel circuits (bicycle tours, air balloon travel, marine – Lake Victoria and river rafting on the River Nile).
- Development of specialized eco and community tourism systems.
- Development of faith-based tourism (pilgrimage to Namugongo – Uganda Martyrs, Mahatma Gandhi Statute and Bishop Hannington landing site on the Nile River).
- Establishment of a tourism and hospitality training institute to produce competent graduates who are capable of working in the tourism and hospitality industry offering internationally rated professional services.
Over 80% of the country has been surveyed for mineral quantities and locations. New geo-data shows that Uganda has large under-exploited mineral deposits of gold, oil, high grade tin, tungsten/wolfram, salt, beryllium, cobalt, kaolin, iron-ore, glass sand, vermiculite, phosphates (agricultural fertilizer), Uranium and rare earth elements. There are also significant quantities of clay and gypsum.
Gold occurs in many areas of the country, including Busia in the east, Buhweju and Kigezi in the west, Mubende – Kiboga in the central region and significant occurrences in Karamoja in the North East.
Investment opportunities exist in mining and mineral processing.
Uganda provides special incentives to the mining sector with some capital expenditures being written off in full.
The Uganda Mining Act of 2003 and Mining Regulation 2004 grant five types of mining rights. These include:
- Prospecting License
- Exploration License,
- Retention License,
- Mining Lease
- Location License
For more information about minerals visit www.energyandminerals.go.ug
Energy, Oil and Gas
A discovery of extractable quantities of oil and gas in the Lake Albert region has enhanced the sector’s joie de vivre. According to the Petroleum Exploration and Production Department, 21 oil and/or gas discoveries have been made in the country to date. Petroleum laws are in place and a communication desk to disseminate information related to the oil and gas sector was created within the Ministry of Energy and Mineral Development. Investment opportunities available in middle and down streams in the Sector.
More information on the sector can be got from the Website: www.petroleum.go.ug
Renewable Energy Power Potential Uganda has considerable unexploited renewable energy resources for energy production and provision of energy services. The overall Government Policy for the role of renewable energy in the national economy is to make modern renewable energy a substantial part of the national energy consumption. The goal of Uganda Renewable Energy Policy is to increase the use of modern renewable energy from below 5% in 2007 to 61% of the total energy consumption by 2021.
|ENERGY SOURCE||ESTIMATED ELECTRICAL POTENTIAL (MW)|
Information Communication Technology
Uganda’s Information and Communication Technology (ICT) sector is one of the most vibrant within the region and fastest growing sector in the economy. This vibrancy hinges largely on the good legal and regulatory frameworks. The supportive investment climate therein has exposed numerous opportunities in ICT innovation services leading to maximum utilization of the existing youthful human resource base as quite suitable for the ICT work. The newly developed and highly qualitative ICT infrastructure is also ready to accommodate more future investments. Uganda is now connected to three marine fibre optic cables running around African eastern coast in the Indian Ocean.
Uganda is positioning itself to be the hub for Business Processing and Management Outsourcing industry within the region on the Africa’s Eastern cost.
Numerous Investment Opportunities exist in the local, Regional and International markets.
The largest of the Uganda Business Process Outsourcing, Information Technology and Information Technology Enabling Services Industry opportunities are within Agriculture, Health, Tourism, Banks, insurance and public administration. Domestic opportunities have been identified in the areas of;
- Digitalization of services
- Healthcare services for the ageing
- Productivity Solutions
- Web applications
- Software Development
- Ware housing
- Network Integrations
Uganda’s manufacturing sector presents various opportunities in virtually all areas ranging from beverages, leather, tobacco-based processing, paper, textiles and garments, pharmaceuticals, fabrication, ceramics, glass, fertilizers, plastic / PVC, assembly of electronic goods, hi-tech and medical products.
Although significant efforts have been made to develop and rehabilitate the existing physical and non-physical infrastructure, potential investment opportunities exist in all national grids. These include;
- Airports and Airdromes,
- Railways Roads and bridges.
- Urban Transport.
- Power Generation.
- Power Transmission.
- Power Distribution.
- Water and Sewage.
- Irrigation Schemes.
- Financial services
Opportunities for investment exist for international multinational banking groups particularly promoting new or innovative financial products (i.e. Mortgage finance, venture capital, merchant banking and leasing finance) and micro finance saving institutions, especially to operate in rural areas.
Insurance is still a relatively young sector and offers several opportunities for investment.
Uganda runs high quality courses in English at relatively cheaper costs than other education destinations and is dedicated to making investment in the country’s knowledge hub a unique experience and a win-win situation for both investors and students.
Investment opportunities therefore exist in Uganda for setting up Public and independent private universities, branch universities and offshore campuses. Other areas of investment include technical & vocational training, distance learning and student financing. Research centers in tropical medicine and medical tourism.
The public health care delivery system in Uganda is organized in tiers, where the Village Health Teams/ Health Centers I, II,III and IV and the General Hospitals form the frontline and primary care, the Regional Referral Hospitals, secondary care and the National Referral Hospitals and specialized institutes of cancer and heart, form tertiary care. The national and regional referral hospitals are semi-autonomous institutions, while the district health services, and general hospitals are managed by the local governments. 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 provide more investment opportunities.
Investment process is summarized in seven steps