The UK exported £50m worth of goods to Uganda in 2008 (up 7% on 2007) and is among Uganda’s top 10 sources of imports. The UK is one of the leading investors in Uganda, with investments worth over US $500m since 1996.
Uganda is a growing market and UK companies can find opportunities in many sectors, including agriculture, power, education & skills and oil & gas.
The main UK exports to Uganda in 2008 were:
Agriculture is the main growth area, and associated inputs, such as irrigation plant, agro-processing equipments and spares offer good prospects.
There are opportunities in the following sectors:
Uganda is endowed with good climate and fertile soil. It has ample natural, mineral and human resources that are under utilised.
Many UK companies have taken advantage of opportunities in tourism, horticulture and telecommunications industries, Uganda's fastest growing sectors. There are likely to be further opportunities flowing from Uganda’s privatisation programme.
Uganda is a small market but the UK is still one of the leading exporters and major investors in the country, with about US$ 500million of UK investment since 1996. British companies have been active in all sectors from agriculture and engineering to banking and consultancy. There has however been a slowdown in investment from the UK as South Africa and Far East countries overtake the UK in terms of investment.
Disposable income is still very low. UK companies still feel the market is small with widespread poverty. However there is hope as the economy improves each year and the security situation with the neighbouring countries improves. People are keen to buy UK products because of quality but because of the strong pound, UK products are not competitive in terms of price as compared to goods from the Far East and South Africa.
|UK Trade (Goods Only) with Uganda 2004 - 2008 (£ thousands)|
Further sources of Trade Statistics and Key Economic Indicators and other information on Uganda and UK include: