WHY INVEST IN UGANDA
Uganda is strategically located on the African continent
Uganda is uniquely located at the heart of Sub-Saharan Africa within the East African region and lies astride the equator. The country is bordered by 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 Congo in the west. This land linked position gives the country a strategic commanding base for regional trade and investment.
- Uganda attained and has had political and social stability since 1986.
- Effective macro-economic policies that maintained economic growth at an average of 6.5% and enabled the country to withstand external economic shocks during the global economic downturn from 2008 to 2011 during which the economy still grew by 3%
- Natural resource rich country (Human and Minerals).
- Totally liberalised foreign exchange regime.
- Consistently improving infrastructures.
- Trainable and fast adaptable workforce from over 30 universities.
- Welcoming population.
- No labour tensions.
- Dedicated Commercial and Industrial courts for quick resolution of business disputes
- A unique multi climate varies from winter on the snowcapped Mountain Rwenzori in the west, to the temperate highlands of Western Uganda and tropical forests of the Central region as well as the semi-arid North Eastern Uganda.
Market Access through Treaties and Agreements
- The Common Market for Eastern and Southern African (COMESA), a region with a market of about 400 million people in 19 countries.
- The East African Community (EAC) population of over 140 million people.
- Uganda is part of the Free Trade Area of EAC, COMESA and SADC.
- Uganda has a population of 45.71 million people with a growing middle-income class with reasonable expendable income.
Uganda is a signatory to major international investment and business protocols
- Multi – lateral Investment Guarantee Agency (MIGA).
- Overseas Private Investment Corporation (OPIC) of USA
- Convention on the Recognition and Enforcement of Foreign Arbitral Award (CREFAA)
- Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
- International Centre for Settlement of Investment Disputes (ICSID),
- Agreement on Trade Related Investment Measures (TRIMS),
- General Agreement of Trade in Services (GATS), and
- Agreement on Trade related Aspects of Intellectual Property Rights (TRIPS)
- Duty and quota free access into China (quota free access for over 650 products)
- The USA (AGOA),
- Generalized System of Preferences (GSP) scheme with European Commission.