Dr. Tom Buringuriza is the Country Manager for Armour Energy, an Australian Oil and Gas exploration company that was licensed for the Kanywataba License Area in Uganda. He managed the bidding process and negotiated the Production Sharing Agreements, and went on to recruit, train staff and procure various contractors to implement the work program of the company. He handles all Government relations and all compliance as required by the regulator in Uganda. Dr. Buringuriza has wide experience in both public and private sector setups, for over three decades with valuable contacts and knowledge of the different investment environments and processes…
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By William Kayongo Small and medium-sized enterprises (SMEs) are the backbone of Uganda’s economy, contributing significantly to job creation, innovation, and economic growth. According to the Uganda Investment Authority, SMEs account for about 90% of the private sector, employ more than 2.5 million people, and produce over 80% of Uganda’s manufacturing output. Despite their pivotal role, SMEs often face a range of challenges, including limited access to finance, lack of adequate infrastructure, and minimal access to markets. Financing, in particular, remains a critical hurdle, with many SMEs struggling to secure the funds they need to grow, expand, or even sustain…
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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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The Uganda Investment Authority (UIA), in collaboration with the State House and Ministry of Finance, will hold the inaugural Presidential Investor Conference on November 29. This unique and one-of-a-kind investor conference will see Uganda’s Chief Investment Promoter, President Kaguta Museveni, meet face-to-face with over 5,000 investors from across Uganda, at the Kololo Ceremonial Grounds in Kampala. The participating investors, ranging from small to big, are drawn from Commercial Agriculture and Value Addition; Manufacturing, Services; and Information and Communication Technology (ICT) sectors. At the conference, the president will not only interact directly with the Investors but also listen to them directly…
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To start and build thriving and domestically, regionally and globally competitive businesses, Ugandan Investors have been advised to focus on building for the long-term by getting the fundamentals right. This among others includes collaborating with the right partners; regulatory compliance including tax compliance, adopting sustainable practices as well as digitising their businesses to cut costs and create efficiencies. Partnering with Uganda Investment Authority for the H2 2023 Investment Summit, Standard Chartered Bank assembled a panel of experts to equip investors with valuable insights and information on the economic market environment, personal & sector investment opportunities for the corporate and government…
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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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Uganda Investment Authority has given an investment license to Guangzhou Wondfo Biotech Co. Ltd., a world leader in point of care diagnostic testing. The company, one of the world’s biggest and fastest growing manufacturers of medical diagnostic products and reagents, plans to setup in Uganda to manufacture point of care products. Speaking at the investment license handover ceremony, UIA Director General, Robert Mukiza, said the authority is keen on attracting more investments in the pathogenic economy and intends to develop an industrial park solely for pathogenic industry manufacturers. Mukiza said UIA is laser-focused to expediting the process of acquiring investment…
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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 David Rupiny Shillat Nambooze Kauma is a young graduate who, instead of looking for a job, opted to plunge right into the realm of entrepreneurship. Two years ago, Shillat and her friend set up Puristry, a firm that makes high-end cosmetics from shea butter. The firm uses research to develop unique products like “bubble gum” cream, amongst others. Ambitious and looking ahead, Shillat’s Puristry has now acquired an investment license from Uganda Investment Authority (UIA) in order to leverage the advantages that comes with having one. UIA’s Directorate for Small and Medium Enterprises, Science, Innovation and Technology (quite a…
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