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Doing Business In Uganda

Why do business in Uganda?

Uganda has a population of approximately 37 million people, making it the third largest consumer market in east Africa. Uganda is one of the fastest growing economies in Africa. This has been helped by the growing market in neighbouring countries. The main sector in Uganda is agro-processing. Over 100 UK companies are operating in Uganda. These include well-known companies like Tullow Oil, Standard Chartered Bank, Barclays Bank, Unilever, Shell and British Airways.

Benefits for Members:

  • stable, liberalised economy
  • strong natural resource base
  • government commitment to private sector
  • low-cost workforce
  • part of 2 regional blocs which increases the potential consumer base
  • attractive investment policies

Bilateral trade in goods between the UK and Uganda exceeded £81.5 million in 2013. In 2013 UK exports to Uganda totaled £66 million. Top UK exports to Uganda include:

  • road vehicles
  • power generating machinery
  • medicinal and pharmaceutical products
  • general industrial machinery

 

Challenges of doing business in Uganda

While Uganda is a promising market, there are some challenges when doing business there. These include:

  • relatively poor infrastructure
  • cost and availability of electricity

More information on the challenges of operating in Uganda can be found in the Foreign and Commonwealth Office’s (FCO) overseas business risk report.

 

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