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INVESTMENT & TRADE OPPORTUNITIES IN UGANDA
Uganda is one of the most rapid growing countries of the East African community.
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Number of multinationals: 140
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Population: 44 million
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Area: 241,038 km²
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GDP: 37.37 billion USD $
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Economic growth: 5-6%
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Key sectors: Agriculture, Retails, Tourism and Trade
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Export products: Coffee, Tea, Copper, Gold, Cocoa beans and raw sugar
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Import products: Petroleum products, Pharmaceutical products and Capital goods
ECONOMY OF UGANDA
The economy of Uganda has great potential and appeared poised for rapid economic growth and development Uganda is endowed with significant natural resources, including ample fertile land, regular rainfall, and mineral deposits. Uganda is one of the few African countries praised by the World Bank, the International Monetary Fund, and the international financial community for its economic policies of government divestiture and privatization and currency reform. Economic activity was hit by COVID-19 lockdowns in 2020 and 2021. Growth recovered from a contraction of 1.5% in 2020 to 6.0% in 2021, lifted by household consumption and investment. The economic recovery is expected to continue, with GDP projected at 4.6% and 6.2% in 2022 and 2023.
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Investment climate
The Ugandan investment climate is progressive and relatively liberal. More and more services in the country are being digitalised, including the taxation system through the Uganda Revenue Authority (URA). An e-visa is standard nowadays and can be obtained online and the people in Uganda are warm and friendly and have a entrepeneur spirit. The countries land linked position in combination with the relatively stable economic growth gives Uganda a strategic commanding base for regional trade and investment.
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Doing business in Uganda
Are you interested to learn more about the countries economy, investment climate and business opportunities in Uganda?
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Register now and join one of our online webinars about the latest business opportunities in Uganda.
INVESTMENT OPPORTUNITIES
IN UGANDA
Uganda is one of the countries attracting the most FDI in East Africa, unfortunately the Covid-19 pandemic has significantly impacted its performance. According to UNCTAD'S 2021 World Investment Report, FDI in Uganda decreased by 35% to USD 823 million from USD 1.3 billion in 2019. Uganda is rich in natural resources and its geographic location in the heart of sub-Saharan Africa gives it an ideal strategic base to become a regional hub of trade and investment.
On behalf of our members TAIC is continuously capturing and monitoring the most interesting investment opportunities in Uganda. Our team of business consultants on the ground is well connected among key business leaders and policy makers working closely together with the Uganda Investment Authority in Kampala. As a member of TAIC, you can opt in to receive our newsletter highlighting the most interesting Investment opportunities in Uganda.
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Are you interested to receive our newsletter for investors and benefit from our services?
TRADE OPPORTUNITIES
In 2020 Uganda was the number 92 economy in the world in terms of GDP (current US$), the number 108 in total exports and the number 110 in total imports.
Export
The top exports of Uganda are Gold ($3.47B), Coffee ($539M), Cocoa Beans ($101M), Raw Sugar ($71.2M), and Tea ($69M), exporting mostly to United Arab Emirates ($3.5B), Kenya ($401M), South Sudan ($357M), Democratic Republic of the Congo ($265M), and Italy ($144M).
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Imports
The top imports of Uganda are Gold ($1.97B), Refined Petroleum ($651M), Palm Oil ($319M), Packaged Medicaments ($309M), and Delivery Trucks ($128M), importing mostly from China ($1.18B), Kenya ($940M), India ($797M), Tanzania ($734M), and United Arab Emirates ($518M).
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Do you want to explore new trade opportunties or Aare you looking of an reliable agent, distributor or supplier in Uganda?
INVEST IN THE MOST INNOVATIVE & SCALABLE COMPANIES
Uganda has a growing number of innovative and scalable companies with a high growth potential. In order to grow foreign capital is needed. TAIC is the matchmaking platform that connects founders, investors and enterprises. Every quarter we publish a executive report of the top 5 most innovative & scalable companies of Uganda that are ready for foreign investment.
Do you want to receive our newsletter with a shortlist of the most investable ventures from Uganda?
HOW TO INVEST IN UGANDA
A foreign investor in Uganda is required to obtain an investment licence from the UIA. A foreign investor qualifies for incentives under the ICA where the investor makes a capital investment or an equivalent in capital goods worth at least USD 500,000 by way of capital invested. The Second Schedule to the ICA contains the priority investment areas for which additional benefits may be granted.
The benefits that can be negotiated by or granted to the holder of an investment certificate are as follows:
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Concessional rates of import duty for an investor who is importing any plant, machinery, equipment, vehicles or construction materials for an investment project;
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Exemption from payment of import duty on one motor vehicle for personal use, personal and household effects which the person owned and used outside the East African Partner State for at least twelve months. Such person must show that he is changing residence from a place outside the East African Partner State to a place within the East African Partner State;
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Incentives available generally for start-up businesses under custom laws, the Income Tax Act (Cap 340) (ITA) and the Value-Added Tax Act (Cap 349);
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Drawback of duties payable on imported inputs used in producing goods for export as provided in the laws imposing such duties and taxes.
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Do you have questions or do you need more information about investing in Uganda? Our team on the ground can assist on your journey in Uganda. Feel free to contact us.
SUCCESS STORIES
The development of Liao Shen Industrial Park in Kapeeka
The Liao Shen Industrial Park has contributed significantly to the Uganda’s nation’s industrial development in terms of job creation, government revenue and exports and diversification of the industrial product.
Bidco Palm oil processing
in Kangala
Palm oil growing and processing in Kalangala has transformed the lives of the people in Uganda.
Unilever Regional HQ for the EAC in Kampala
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Do you have any questions?
Feel free to contact us.
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Warren Rutanga
Business Development Director TAIC - Uganda​
Email: warren@taiceastafrica.com
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