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Museveni pitches Uganda as prime investment destination

President Museveni woos investors at Abu Dhabi Sustainability Week, touting Uganda's economic potential and growth opportunities in key sectors

by Juliette Namakula | Assistant Editor
16/01/2025
in Business, News, Tours & Travel
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President Yoweri Kaguta Museveni has called on investors worldwide to come and do business in Uganda in particular and Africa in general that today offers a myriad of investment opportunities in various sectors.
President Yoweri Kaguta Museveni has called on investors worldwide to come and do business in Uganda in particular and Africa in general that today offers a myriad of investment opportunities in various sectors.

Ugandan President Yoweri Kaguta Museveni has called on investors worldwide to explore opportunities in Uganda and Africa.

“We, therefore, invite investors from the world to help us do the rapid transformation of our economy and society as they also benefit because the IRR in Uganda is 14.1%,” Museveni said.

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Museveni emphasized Uganda’s rapid economic growth, noting that the country’s economy is growing at a fast rate but requires value addition to accelerate transformation.

“Uganda’s economy is growing at a fast rate but only needs a stimulant in the form of adding value to its products to accelerate the transformation of the economy,” he said.

The President identified key areas for investment, including adding value to Uganda’s agricultural raw materials.

“To the players, carry on with the guts and grit to defy limits, overcome challenges, and inspire victories that make Uganda proud. Every try, every tackle, and every drop of sweat you give on the pitch embodies the unyielding spirit of champions,” Museveni said.

Museveni also emphasized the significance of the East African market, which provides a lucrative opportunity for investors.

“I salute our African brothers and sisters in East Africa and the whole continent. With a clear vision, we agreed that when you produce a good or a service, you need to sell. The more you sell, the better for our prosperity,” he said.

The President assured investors that the African market is ready to absorb manufactured products, ensuring the sustainability of investments.

“The population of Africa will be 2.5 billion people in the next 25 years. The population of Uganda will be 106 million people by that time,” Museveni said.

Museveni’s call to investors was made during the Abu Dhabi Sustainability Week 2025 Summit.

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Tags: Abu Dhabi Sustainability WeekAfricaBusinessDevelopmenteconomic growthInvestmentinvestorsPresident Yoweri MuseveniTradeUganda

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