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In a major coup, Uganda has been named the “Best Investment Destination in Africa” at the prestigious Annual Investment Meeting (AIM) held in Abu Dhabi, United Arab Emirates. This marks the second consecutive year that Uganda has been recognized for its outstanding performance in attracting foreign direct investment (FDI). The AIM Congress, now in its 13th edition, is a globally renowned event that brings together high-profile government officials, private asset owners, and project promoters from around the world to discuss the latest trends and opportunities in emerging market FDI. Held under the theme “Adapting to a Shifting Investment Landscape: Harnessing…
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Uganda is one of Africa’s competitive destinations for investment, with high returns on investment, Morrison Rwakakamba, the Chairperson of the Uganda Investment Authority (UIA) told European investors and other delegates attending the just-ended 2024 Uganda-European Union Business Forum at the Speke Resort Munyonyo, Kampala. “Uganda is an appealing destination for Foreign Direct Investment (FDI),” Rwakakamba said, adding: “Key to Uganda’s investment appeal is the rate of returns enjoyed by investors, averaging 13.8% in 2022, the highest in the EAC and the 4th in Africa.” Rwakakamba, who urged the investors in the room and attending online, to leverage the already existing…
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Old Mutual Investment Group, one of Africa’s leading investment managers as well as regional investment bank, Dyer & Blair have separately endorsed investments in the ongoing Airtel IPO, rating it a good buy. The two investment banks, in separate research notes seen by this reporter, give the telco’s past steady in some cases faster-than-industry growth across key fundamentals as well as strong industry prospects as reasons for their strong buy recommendations. Airtel Uganda, a subsidiary of Airtel Africa, itself a subsidiary of India’s Bharti Airtel, on August 30th 2023, kicked off the sale of 8 billion shares (20% of the…
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