BUSINESS OPPORTUNITIES UGANDA: BUSINESS OPPORTUNITIES By Issa Mukasa Seminars in Asia (June 2007)

The 21st Century belongs to Africa Population Africa 885 mn China 1,300 mn India 1,087 mn Europe 728 mn USA 293 mn Argentina 38 mn New Zealand 4.1 mn Source: Population Reference Bureau 2004

Uganda at a Glance

Uganda at a Glance Area 241,550 sq.km Population 27.8 million Land 194,881 sq.km Water (Lakes, Rivers Swamps) 46,669 sq.km Population 27.8 million Temperature 15 - 300C Official Language English Literacy (2003) 70% Corporate Tax 30% VAT 18% Inflation 3.3% GDP(PPP) Per Capita $1,478 Source: Statistical Abstract 2006

Major Economic Reforms Liberalization of current/capital accounts Removal of export taxes Replacing state monopolies with free markets Removal of price controls Ending control on interest rates.

Foreign Direct Investment (FDI) inflows

UIA ACHIEVEMENTS TOP TEN MAJOR SOURCES OF FDI (1991 – 2006) United Kingdom Kenya South Africa India USA Canada Egypt China Norway Singapore

GREEN FIELD INVESTMENT OPPORTUNITIES Agriculture ( Crops and Livestock) Information & Communication Technology Tourism Services (Education, Medical & Finance) Mining Energy

Agriculture Growing and Processing Crops Sun Flower

Agriculture Livestock Growing/rear and Processing Crocodiles Cattle, Goats Pigs Growing/rear and Processing Fish Livestock Fowl Crocodiles Crocodile farm

Information & Communication Technology Setting up ICT Infrastructure in Telecommunication Provision of ICT-Enabled Services e.g Data Processing Software Development and Software Exports Setting up Information hubs and Web sites to facilitate e-mails Setting up Film production centers e.g Graphic Animation Local Assembly of ICT Equipment ICT Tele-centres and Internet Café`s ICT Training Facilities (Institutions)

Tourism Accommodation & conferences Tour operations Water sports and related activities National park concessions Joint ventures with existing players

Services Education (Vocational training, tertiary) Health (Specialised diagnostic facilities, Pharmaceuticals) Financial intermediaries Open-heart surgery

Mining Uganda offers a variety of opportunities i.e. Copper-cobalt Phosphates Gold Iron ore vermiculite Petroleum

Energy Large Hydropower Sites The large hydropower potential is mainly along the River Nile in Uganda and has been estimated at 2,000 MW. Only 300MW of the large capacity is currently exploited and this is at Jinja in the Kiira and Nalubaale Power stations. Source: www.era.or.ug

Why Uganda? Source: 2007 Index of Economic Freedom

Why Uganda contd Predictable Investment Environment Fully Liberalized economy Market access Trainable Labour force Commonwealth Heads of Government Meeting (CHOGM) Nov. 2007

Successful Japanese Companies COMPANY SECTOR Phenix Logistics (U) Ltd Textiles and Garment Manufacture Toyota Nile Ltd Modern Workshop for vehicle service and Maintenance

Successful Chinese Projects in Uganda COMPANY SECTOR Jinda International Textiles Company Cotton and Textiles China Shan Sheng Industry (U) Ltd Mining and Energy Yue Yang Paper International (U) Ltd Paper manufacture Jin Ching International Motors (U) Ltd Motor Cycle Assembly Fang Fang Chinese (U) Ltd Tourism LMZ Tooth Paste (E.A) Ltd Manufacturing Complant Engineering & Trade (U) Ltd Construction Blue Wave Beverage Ltd Mineral Water bottling & distribution

Successful Korean Companies Company Sector Hwang Sung Industries Ltd. Styrofoam boxes manufacture Fish Processing Kim’s Medical Centre Ltd. Optical / eye clinic and medical practice Hankook Multipurpose Ltd. Manufacture of Metals & Plastic Products

Acknowledgement UNIDO AAITPC Partner Participants

Welcome to Uganda Thank you UGANDA INVESTMENT AUTHORITY, The Investment Center Plot 28 Kampala Road P.O.Box 7418 Kampala Tel: (256) 41 301000 Fax: (256) 41 342903 Email: info@ugandainvest.com Website: www.ugandainvest.com Thank you