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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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The European Union (EU) and Uganda are joining forces to host thecthird Uganda-EU Business Forum (UEUBF), a high-level summit facilitating structured collaboration between European and Ugandan private sector and public actors. The Forum, which opens March 5 and will run until March 7, 2024 at the Speke Commonwealth Resort Munyonyo in Uganda’s capital Kampala, is the largest and most influential joint Uganda-EU event on doing business and investing in Uganda. The theme of this year’s Forum is “Boosting Trade and Investments”, and the sub-theme is “What can Uganda gain from Global Gateway?” Now in its third edition, the Forum presents…
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By Morrison Rwakakamba I was in Istanbul for the Turkey – Africa Economic and Business Forum. I was invited by the African Union and the Turkish Ministry of Trade to share thoughts on the agriculture and agro-processing potential in Africa broadly and Uganda specifically. The history of Turkey – Africa relations dates back to mid 1500s when the Ottoman Empire, headquartered in Istanbul, capital of Turkey opened trade routes in Africa, starting with Egypt in 1517. The Ottoman empire further extended diplomatic relations and mutual partnership with Kanem Borno Empire in West and Central Africa in the 19th Century. At…
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By Morrison Rwakakamba On the 4th of August 2021, I virtually spoke with members of Canada – African Chamber of Business and The National Club of Toronto on critical metals and minerals in Uganda. There is growing interest by both domestic and foreign investors in this area whose potential is currently valued at 620.5 billion United States dollars. With value addition on these minerals, the embedded value quadruples. Uganda’s past and recent geological surveys indicate the presence of at least three (3) mineral rich tectonic domains within the continental crust, richly endowed with an assortment of minerals. These include the…
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The President of Burundi Evariste Ndayishimiye has hailed Ugandan investors for working hard and invited them to invest and trade with Burundi. President Ndayishimiye made the remarks after a tour of the new state-of-the-art Picfare Industries plant in Kampala Industrial and Business Park, Namanve, where he was showed products ranging from scholastic materials to apparels. The Burundian President said he has witnessed first-hand Uganda’s investment environment and seen how hard the investors are working and invited them to consider Burundi as a destination for trade and investment. He noted that Burundi has vast investment opportunities in sectors such as agriculture,…
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By Morrison Rwakakamba On April 2, 2021 Artiste and Pan African investor Aliaune Damala Badara Thiam, mostly known as Akon arrived in Uganda to engage Uganda’s chief investment promoter President Yoweri Museveni with among others plans to establish a futuristic Pan-African smart city in Uganda. What followed was a frenzy of pessimism underlined with a cancel culture narrative that seems to stick – that the government babysits foreign investors at the expense of domestic investors! This is not based on any iota of truth. The most cited incentive is the proposed public land allocation to Akon (One Square Mile) to…
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Morrison Rwakakamba, has been appointed as an advisor to the President of Bridges for Enterprise (BfE), a global non-profit organization that provides pro-bono advisory services to early-stage social ventures in developing countries. What the advisor position entails According to the organization, the Advisor position is a volunteer role supporting BfE by providing mission-based leadership and strategic guidance. Advisors are expected to utilize their individual skills, knowledge, expertise and/or relationships to support BfE on an as-needed basis. Advisors also act as advocates and representatives of the Organization. There is no set term limit for BfE Advisors, and both the Global President…
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