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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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Uganda is a thriving economy with lots of potential, waiting to be tapped into, H.E Jan Sadek, the Ambassador of the European Union to the Republic of Uganda has told European companies and investors attending the 2024 Uganda-European Union Business Forum at Speke Resort Munyonyo, Kampala, Uganda. “Come to Uganda, seize the opportunities offered by the Pearl of Africa and the region. We will all benefit from those partnerships,” Jan Sadek told delegates at the Forum. The 3-day Business Forum, now in its third year is organised by the EU Delegation to Uganda together with its Member States, in partnership…
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For long, many domestic or indigenous investors have argued that the reason they struggle is because only foreign investors and firms benefit from a slew of incentives from government. That appears to be far from the truth, according to Uganda Investment Authority (UIA) the chief investment promotion agency of the government For starters, UIA defines a domestic investor as “a citizen of the East African Community partner state; a company incorporated under the laws of an East African Community partner state in which the majority of the shares are held by a person who is a citizen of an East…
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Over USD400 million in green investment commitments have been announced for Uganda at the #COP28 in Dubai. These current and committed investments, according to Morris Rwakakamba, the Uganda Investment Authority (UIA) Chairman, will over the next four years, cover renewable energy, water filtration and forestry. These projects include: 24+ off-grid mini-grids by Mandulis Energy: Mandulis Energy develops renewable energy infrastructure using innovative technology that converts agricultural waste into low-carbon electricity and biogas for households and small businesses. The company is to develop 24+ off-grid mini-grids across rural Uganda, each at 0.5MW (scaling to 2MW), to power agricultural processing facilities to serve…
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