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By Naome Namusoke/KMA Updates
Strategic Policies and Global Outreach Pay Off in Uganda’s Investment Drive
Uganda is marking a significant achievement in its ongoing efforts to attract international investors, having secured over 3.3 million US dollars in Foreign Direct Investment (FDI). This development, announced by the Minister of State for Investment, Hon. Evelyn Anite, highlights the success of Uganda’s pro-investment policies, including generous tax holidays and a strategic focus on commercial diplomacy.
Minister of State for Investment, Hon. Evelyn Anite
“Our aim is to make Uganda the most attractive destination for investors in the region. These tax holidays are not just incentives—they are catalysts for long-term partnerships and economic transformation,”
The government’s commitment to supporting the investment ecosystem was echoed at a high-level investment facilitation meeting, where Vincent Bagiire, Permanent Secretary at the Ministry of Foreign Affairs, underscored the importance of stable electricity supply, peace, and investor incentives as key enablers of economic growth.
“We are working to ensure that the fundamentals are in place. Uganda is stable, secure, and increasingly competitive in the global investment landscape,”
The country’s robust efforts in this space have not gone unnoticed on the global stage. Zaake Kibedi, Uganda’s Ambassador to the United Arab Emirates (UAE), revealed that Uganda was recently recognized as one of the top destinations for investment, a milestone that has led to over $1 billion in FDI from the UAE alone.
“Uganda’s visibility is rising internationally. We are leveraging our embassies to act as investment hubs, not just diplomatic posts,”
As the government calls for a transformation of Uganda’s embassies into centers of commercial diplomacy, this latest FDI boost marks a clear step forward in realizing Uganda’s vision of becoming a regional investment powerhouse.