TRADE AND INVESTMENT

Uganda is a resource rich country with large reserves of recoverable oil and it has substantial quantities of mineral deposits.

With its fertile soils, regular rainfall, and warm temperatures throughout the year, agriculture is the country’s economic backbone with more than 72% of the country’s labour force engaged in the sector. According to Worldlistmania.com and other reputable commodity information resources, Uganda is one of the top three largest banana producers in the world, producing 12 million tonnes per year. It is also the second largest coffee producer in the Commonwealth after India, second in Africa after Ethiopia and eighth in the world. Increasingly, the country is developing non-traditional exports such as flowers and fish.

Accelerated regional co-operation has resulted in an increase in Uganda’s export volumes to other African countries. The bulk of exports are destined for members of the Common Market for Eastern and Southern Africa (COMESA), with the rest going to the European Union.

The industrial sector has seen strong growth over the years and now contributes almost 20% of GDP, driven mostly by manufacturing, mining and quarrying. More recently, it has been given a boost by increased activities in the oil and gas sector.

But the services sector is the largest, contributing 48%t to GDP. This sector is made up of financial, trade, transport and telecommunication activities.

Uganda’s future economic development strategy focuses on the following factors: industrialisation, economic liberalisation and diversification as well as economic integration. The country is working closely with its neighbours to rebuild and restore the East African Community (EAC) through the deepening of regional integration.

The Government of Uganda has placed great emphasis on international co-operation and expansion of African markets to create sustainable domestic growth. The revival of the EAC is the first step towards the realisation of the dream of African economic co-operation and unity. Uganda’s membership of the EAC and COMESA gives it easy access to a substantial and growing market, currently estimated to be 560 million people.

Related Links:https://www.ugandainvest.go.ug/ https://www.mtic.go.ug/

Additional materials: Compendium of Bankable Projects in Uganda

Brief Guide to Doing Business in Uganda

Information on Uganda Free Zones Authority

To purchase Uganda Standards, please use the link below. http://webstore.unbs.go.ug/

TOURISM

Explore Uganda, the Pearl ofAfrica! Experience the unique and diverse cultures in Uganda, the revitalized warm hospitality of the Ugandan people, the tasty food and ever-pleasant weather. Uganda’ s strategic location on the equator guarantees its pleasant climate.

As a bonus, Uganda is home to the iconic River Nile, the longest river in the world, with its spectacular source located in Jinja, in the eastern part of the country. Uganda also boasts the mighty Lake Victoria, the world’ s second-largest freshwater lake, whose fish species are second to none in taste. For avid bird-lovers, Uganda is home to 998 bird species with 34 Important BirdAreas. The animals and various unique fauna and flora in the numerous National Parks and Game Reserves will leave you in awe. Make a gorilla-trekking reservation at Bwindi Impenetrable Forest National Park and Mgahinga Gorilla National Park and view these unique primates up-close in their natural habitat.

Related Links:https://www.exploreuganda.com/ https://ugandawildlife.org/ https://www.tourism.go.ug/