Uganda Investment Authority 1 Uganda : Investment Climate & Opportunities At the UNIDO Executive Program, June 6 – 18, 2008 KOICA Training Centre, South.

Uganda Investment Authority 1

Uganda : Investment Climate & Opportunities

At the UNIDO Executive Program,

June 6 – 18, 2008

KOICA Training Centre,

South Korea

By: Hope Waira Nantamu

Investment Executive, UIA

Uganda Investment Authority 2

Africa is Huge

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Uganda’s overview

• Area – 241,551 sq km : land – 199,808 sq km, water – 41,743 sq km

• Climate – tropical generally rainy with two dry seasons

• Land use – arable land (25%), permanent crops (9%), other (66%)

• Demographics – 28.2 million (2002 Census) ~ 31 million

• Female – 14.46 million (52%)

• Male – 13.74 million (48%)

• Major Languages – English, Luganda and Swahili

• Literacy rate (2006) – 69%

• Female – 63%

• Male – 76%

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Uganda’s Strategic Location In The Heart Of Africa

MARKET Uganda - 30* million East Africa - 125* million Great Lakes Region-190* million COMESA

- 23 member countries- 400 million people.- Imports over US$ 170

billion annually.AGOAEU – Preferential Treatment of Exports*Source: CIA World Fact Book - Estimates

UGANDA

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Why Uganda?

• Predictable economic environment

• Fully liberalised economy

• A strong natural resource base and leader is organic agriculture

• Easy market access

• Government commitment to private sector

• Low cost and trainable labour

• Investor protection

• Generous investment incentives

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Investment Incentives

• Capital allowances: 50% - 100% depending on the item

• Deductible Annual Allowance

• Import duty exemptions

• Duty draw back facilities

• First arrival privileges

• Externalisation of funds allowed

• Investment trader facility

• 10 Year tax holiday for value added exporters

• Withholding tax exemptions on interest, raw materials, plant & machinery.

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Investment Opportunities

• Manufacturing

• Transport / Infrastructure

• Agriculture

• Energy

• Clean Development Mechanism Projects

• Mining / Petroleum

• ICT

• Services – Health, Education, Financial services

• Tourism

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Simple Business Regulation (Procedures to invest)

1. Register a local company in Uganda

2. Secondary licence (if required)

3. Investment licence

4. Environment Impact Assessment

5. Land –commercial, industrial

6. Implement the project.

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UIA Services: One-stop-shop

1. Comprehensive assistance in business establishment

2. Information provision regarding opportunities, networking

contacts at various levels and sectors/businesses, etc.

3. Site identification and visits

4. Setting up assistance

5. Facilitation with joint venture and business linkage

opportunities

6. Assisting with cost analysis..

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Ownership of Projects

TOP TEN MAJOR SOURCES OF FDI BY INVESTMENT (1991 – 2007)

1. United Kingdom

2. Kenya

3. India

4. UAE

5. South Africa

6. Canada

7. USA

8. China

9. Egypt

10. Pakistan

Ownership of Projects 1991 - 2007

Local34%

Joint Venture21%

Foreign45%

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• 22 Projects

• US $ 22.9 million – planned investment

• 743 jobs

Korean Investments in Uganda

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CONTACT INFORMATION

Invest in Uganda!

Uganda Investment AuthorityPlot 22B, Lumumba Avenue

P.O. Box 7418KAMPALA

Tel: 256-41-4301000Email: [email protected]

Website: www.ugandainvest.com

KAM SA HA MNIDA!