Why Invest in Uganda
Fast regional growth
East Africa is one of the world’s fastest growing regions with an economy approaching USD $1 Trillion.
Uganda has achieved an average GDP growth of 6.3% per annum for the last 30 years. Uganda’s GDP is forecast to grow by 6% p.a. from 2019-2023 (IMF, 2018).
By 2023, the population of the EAC is forecast to reach 200 million and GDP (in PPP) to reach US$ 0.75 trillion. (Source: IMF, 2018).
EXPORTS TO SUB-SAHARA
Uganda has the highest percentage of exports going Sub-Saharan Africa ( World Bank, 2017)
Secure & Open to FDI
MOST OPEN COUNTRY TO FDI
All sectors of the economy are fully liberalised for investment. 100% foreign ownership of investment is permitted.
Uganda ranks highly across many key business climate indicators for inward investors.
HEALTHIEST GOVERNMENT BUDGET BALANCE
Uganda’s comparatively strong public finances help to create a lower risk and more stable business environment for foreign investors.
Highly competitive Labour costs
LOWEST LABOUR COSTS IN THE REGION
Benefit from the lowest cost workforce in the region.
The average yearly wage in Uganda for an unskilled production operative was $440 in 2017 (excluding social security costs). (fDi Benchmark & Financial Times)
LABOUR COSTS FORECAST TO GROW MORE SLOWLY
Labour costs in Uganda are also forecast to grow more slowly than other countries in East Africa, reflecting Uganda’s faster growing labour force and skills availability (fDi Benchmark).
SKILLED WORK FORCE
Benefit from a large and growing workforce. Uganda is very highly rated for recruitment potential, workforce trainability and women and youth engagement in the labour force. (Global Competitiveness Report, 2017/18 and WEF, 2017)
Strong Natural resource base
FERTILE SOIL & FAVOURABLE CLIMATE
Uganda is richly endowed with rainfall, soils & favourable temperature ranges with a number of crops grown organically.
UNTAPPED TOURISM OPPORTUNITIES
Uganda has been dubbed the Pearl of Africa’ due to its strong tourism potential with lots of forests, lakes and rivers.
UNEXPLOITED MINERAL DEPOSITS
Uganda has confirmed deposits in Iron Ore, Phosphate, Gold, Wolfram, Petroleum, Diamond, Vermiculite, Silica, Limestone, etc.
Best Covid-19 Response in Africa
The health of the population is central to the socioeconomic development of Uganda. With the support of WHO, UNICEF, UNHCR, CDC, USAID, IDI, Last Mile Health and various stakeholders, Government of Uganda formulated COVID – 19 management guidelines in the very early stages of the global pandemic.
In August 2020, lancet COVID-19 Commission data ranked Uganda as the best country in Africa in terms of suppressing the COVID-19 pandemic. According to rankings, Uganda was ranked 10th out of 91 countries analyzed globally.
- DR Congo
The country experiences very low numbers in confirmed COVID 19 cases compared to the rest of the world. While Uganda may not be placed at the top tier level with the developed countries in medical advancement; among the 155 hospitals in Uganda there are three that provide internationally accepted standards of service, with one of them being accredited by the Council for Health Service Accreditation of Southern Africa (COHSASA), which is the only internationally accredited quality improvement and accreditation body for healthcare facilities based in Africa.