uganda investment authority 1 uganda : investment climate & opportunities at the unido executive...
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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
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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!