Why do business in Uganda
Uganda has a population of about 45.9 million people (2024 national census), making it one of the largest consumer markets in the East African Community.
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.
Well-known BCC Uganda members include Standard Chartered Bank, KPMG, PwC, EY, G4S, Uganda Breweries and Knight Frank.
Benefits for Members
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Stable, liberalised economy
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Strong natural resource base
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Government commitment to private sector
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Low-cost workforce
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Attractive investment policies
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Part of 2 regional blocs which increases the potential consumer base
Challenges of doing business in Uganda
While Uganda is a promising market, there are some challenges when doing business there. These include:
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Relatively poor infrastructure
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Cost and availability of electricity
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Retaining walls
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Outdoor kitchens & fire pits
More information on the challenges of operating in Uganda can be found in the Foreign and Commonwealth Office’s (FCO) overseas business risk report.