Ugandan envoys woo Chinese investors to tap into ‘thriving economy’
Uganda’s Consul General in Guangzhou, Ms Judyth Nsababera
What you need to know:
- To facilitate investment, the Ugandan government has implemented various incentives and support programs, which include tax holidays, duty exemptions, and streamlined procedures for foreign investors. Additionally, the government is actively working to improve infrastructure, such as roads, railways, and ports, to enhance connectivity and logistics.
Ugandan government has extended an invitation to Chinese investors to explore the country’s “burgeoning economy and abundant investment opportunities.”
The call was made by Uganda’s Consul General in Guangzhou, Ms Judyth Nsababera, during the Uganda-China Investment Conference, organized by the Embassy of Uganda in Beijing and the Consulate General of the Republic of Uganda in Guangzhou.
The November 26 conference which, according to organizers, brought together over 300 participants in the vibrant city of Shenzhen was intended to foster bilateral investment opportunities and strengthen economic ties between the two countries.
Ms Nsababera highlighted Uganda’s strategic location, rich natural resources, and skilled workforce as key factors attracting foreign investment.
“Uganda stands as a beacon of potential in Africa, offering a rich tapestry of resources, a youthful population, and a strategic location that serves as a gateway to the East African market. Our government is committed to creating a conducive environment for investment, characterized by transparent policies, continuous commitment to developing infrastructure, and a dedicated workforce eager to drive innovation,” she said.
According to her, choosing Uganda as one’s investment destination means aligning with a nation that is poised for growth and transformation.
“Our sectors—from agriculture to technology—are ripe for investment, and we are eager to partner with you on this journey,” she explained.
Speaking at the same event, Mr Oliver Wonekha, Uganda’s ambassador to China commended investors in Uganda for implementing President Xi Jingping’s vision communicated during the previously held FOCAC.
Other keynote speakers included prominent figures from both governments and the business community, offering valuable insights into investment trends and opportunities in Uganda. Workshops and networking sessions provided participants with the chance to forge meaningful connections and explore potential partnerships.
Key sectors identified as promising investment opportunities include agriculture, manufacturing, ICT, and renewable energy, Uganda’s fertile land, abundant water resources, and favorable climate provide ideal conditions for agricultural development, among others.
The manufacturing sector, particularly in textiles, pharmaceuticals, and automotive components, is also experiencing significant growth, according to the government.
To facilitate investment, the Ugandan government has implemented various incentives and support programs, which include tax holidays, duty exemptions, and streamlined procedures for foreign investors. Additionally, the government is actively working to improve infrastructure, such as roads, railways, and ports, to enhance connectivity and logistics.
By partnering with China, Uganda aims to leverage Chinese expertise and capital to accelerate its economic development and create jobs. The two countries share strong historical ties, and this collaboration is poised to further strengthen their bilateral relationship.
