Mr. Tom Azalia
Strategically and uniquely located at the heart of Sub-Sahara Africa, Uganda truly is blessed in its opportune investment potential. Uganda also has a beautiful climate and the country lies at the equator and borders South Sudan in the north, Kenya in the east, Tanzania in the South, Rwanda in the southwest and the Democratic Republic of Congo in the West. Amongst the great company, you will also find Lake Victoria, which provides many business opportunities just in that region. Uganda is growing and business men and woman are thriving in many different industries which include renewable energy, tourism, agriculture, materials trade and mining, infrastructure, education just to name a few. The country is rich of their main resources in human and materials. With consistent improvement in infrastructure, there is a huge focus on educating their adaptable workforce in which specific curriculums are being taught in over 30 universities.
The Ugandan economy has truly benefited from their involvement in the Free Trade Area of EAC, COMESA and SADC. These types of treaties and agreements continually give the businesses within and outside Uganda the market access they need to be successful. In addition, Uganda is fertile ground for international investments and business protocols in which private and public sector have and are still benefiting from governmental programs like AGOA from the USA, General Agreement of Trade in Services (GATS), Multi-lateral Investment Guarantee Agency (MIGA), Overseas Private Investment Corporation of the USA (OPIC), and Convention on the Recognition and Enforcement of Foreign Arbitral Award (CREFFA) just to name a few.
Uganda at a Glance
Labor force: 14.2 Million (2014) (Trade Economies, World bank)
GDP Annual Growth Rate: 3% (Aug 2014) (UBOS – National Population and Housing Census 2014 / National Housing Survey 2013)
Population Growth Rate: 3% (2014) (UBOS – National Population and Housing Census 2014 / National Housing Survey 2013)
Current GDP Per Capita: US$1,362 (Dec 2013) (UBOS – National Population and Housing Census 2014 / National Housing Survey 2013)
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