1. Home
  2. Stories
  3. Industry
  4. FDI

Government woos French investors to Uganda

Peter 21st Feb, 2025 Industry Pedson Mumbere
Government woos French investors to Uganda

Finance, Planning and Economic Development Permanent Secretary Goobi interacts with French investors at the event.


Uganda’s Permanent Secretary and Secretary to the Treasury, Ramathan Ggoobi, has invited French investors to explore Uganda’s lucrative business environment, emphasizing the country's generous incentives and high return on investment.

Speaking at the on-going Uganda-France Economic Forum in Paris recently, Ggoobi underscored Uganda’s attractiveness to foreign investors, citing a 14% RoI one of the highest in the world.

He also highlighted that in 2023, Uganda was ranked the third most rewarding economy for investment in Africa.

  • “Our macroeconomic environment is stable, with low and predictable inflation, sustained GDP growth, and the most stable local currency in Africa over the past decade. The capital account is fully liberalized, allowing for 100% profit repatriation after tax,” Ggoobi stated, according to a press release.

He reassured investors that the Ugandan government is pro-private sector, offering an array of incentives such as free land for industrial development, subsidized power tariffs, and comprehensive business support services. He further noted that Uganda boasts the lowest labor costs in the region and provides unrestricted foreign ownership of projects.

With Uganda’s strategic position, investors benefit from duty-free and quota-free access to vast regional and global markets.

  • “Uganda’s weather is one of the best in the world, providing a natural advantage for agricultural and industrial investments,” Ggoobi added.

France has recently strengthened its economic ties with Uganda, with French companies committing $4 billion (UGX 15 trillion) in investments for 2025.

Meanwhile, Robert Mukiza, the Executive Director of the Uganda Investment Authority, highlighted investment opportunities for Ugandans in the diaspora. “We are introducing new non-tax incentives and collaborating with the Bank of Uganda on a Diaspora Bond to facilitate investment,” he said.

Abel Kagumire, Commissioner for Customs at the Uganda Revenue Authority, also briefed attendees on tax incentives available for diaspora investors, including duty-free importation of personal effects and investment-related equipment upon return.

“With Uganda’s conducive investment climate, robust incentives, and strong economic partnerships, the country remains a prime destination for French and global investors looking to maximize returns,” he added.

Similar Posts You May Like 

  • MTN Youth Skilling Program: Irene Nandyose turns hobby into a thriving business

    MTN Youth Skilling Program: Irene Nandyose turns hobby into a thriving busin..

    Irene Nandyose, a business administration graduate from Makerere University Kampala loved knitting and crocheting during her free time on campus. And it is through this exercise that a business idea was hatched. But the business idea was only implemented in 2020 following training under the MTN ..

  • MTN Uganda unveils the second phase of MTN Ace Tech as 20 enterprises are selected to take part in the program

    MTN Uganda unveils the second phase of MTN Ace Tech as 20 enterprises are se..

    Wednesday 31 st May 2023 Kampala, Uganda- MTN Uganda has unveiled the second phase of MTN ACE-Tech known as the MTN Ace-Tech-Incubation program aimed at equipping enterprises with skills needed to successfully spur growth of their businesses. This follows conclusion of the MTN Ace-Tech's first ph..

  • President commissions fruit processing factory in Nakasongola

    President commissions fruit processing factory in Nakasongola..

    President Yoweri Kaguta Museveni commissioned Kike Tropical Fruits Limited, an extraction and refinery plant. Situated in Kakooge, Nakasongola District, the factory deals in fruit processing. During the commissioning, the President thanked Mr. Francis Mugabe, the proprietor of the factory and his f..

  • Protect Local Industries – Museveni

    Protect Local Industries – Museveni..

    President Yoweri Kaguta Museveni has said that the government will continue protecting local manufacturers from unfair competition..

  • Mbale Industrial Park Development Takes Off

    Mbale Industrial Park Development Takes Off..

    The Uganda Investment Authority (UIA) has handed over the Mbale Industrial and Business Park site to China Railway Number 3 Group for the design and building of key infrastructure like tarmac roads and water and sewerage systems...

  • Kiira Motors seeks UGX524 billion to fund 5-year plan

    Kiira Motors seeks UGX524 billion to fund 5-year plan..

    Kiira Motors Corporation, a budding indigenous vehicle building enterprise, has presented a UGX524 billion proposed business investment budget to the Presidential Affairs Committee of Parliament. It was contained in the Ministerial Policy Statement, and Budget Estimates for the FY 2024/2025. ..

  • Manufacturers task Gov't, banks on high interest rates

    Manufacturers task Gov't, banks on high interest rates..

    The Government wants commercial banks to lower the interest rates they charge manufacturers so as to stimulate growth in the sector, but banks also insist that the Government has an important role to play. ..

  • Expectations high as UNBS gets hi-tech executive director

    Expectations high as UNBS gets hi-tech executive director..

    Mr. James N. Kasigwa has been named the new executive director of the Uganda National Bureau of Standards (UNBS) following an appointment by the Minster of Trade, Industry and Cooperatives, Francis Mwebesa...

  • Ugandan innovation wins UGX70m engineering prize

    Ugandan innovation wins UGX70m engineering prize..

    An innovation by Mr. Martin Tumusiime and his friends has won 15,000 British Pounds (about UGX70 million) from the Royal Academy of Engineering’s Prize for Innovation, at a ceremony held in Nairobi yesterday...

  • Museveni assents to Free Zones Authority, Exports Board merger

    Museveni assents to Free Zones Authority, Exports Board merger..

    The new law that merges the Uganda Free Zones Authority with the Uganda Exports Promotions Board is one of the Acts that have been assented to by the President...

  • Minister cautions entrepreneurs on informality

    Minister cautions entrepreneurs on informality ..

    Entrepreneurs have been urged to formalize their business ventures if they are to benefit from financial services providers and expand their businesses...

  • Turkish, Chinese investors in trouble over wetlands

    Turkish, Chinese investors in trouble over wetlands..

    The Standards Utilities and Wildlife Court has sentenced Kerim Ray, a Turkish investor and Director of Yamani Construction Limited, to pay a fine of UGX200 million, following his conviction for degrading a wetland in Mukono District...

  • Uganda Breweries invests UGX32 Bn on farmers

    Uganda Breweries invests UGX32 Bn on farmers..

    Uganda Breweries Limited (UBL) has reported a 12% net sales growth in the last financial year, driven by the success of premium beer brands like Guinness and Uganda Waragi. ..

  • Uganda extends oil exploration to Karamoja

    Uganda extends oil exploration to Karamoja..

    Uganda is stepping up exploration in the Moroto-Kadam and Lake Kyoga basins, aiming to boost its reserves to 6.5 billion barrels of oil, a strategic move to solidify its position in the energy industry. ..

  • UMA international trade fair set for October 2

    UMA international trade fair set for October 2..

    The Uganda Manufacturers Association (UMA) has officially launched the 30th Uganda International Trade Fair, set to take place from October 2 -10 at the UMA showgrounds at Lugogo, under the theme; "Celebrating 30 Years of Industrial Excellence." ..

  • Dangote Refinery ousts first petroleum products

    Dangote Refinery ousts first petroleum products..

    Nigeria's Dangote Oil Refinery has begun processing gasoline after delays caused by recent crude shortages, an executive said on Monday...

  • Thousands throng Kapeeka Industrial Park Trade Fair

    Thousands throng Kapeeka Industrial Park Trade Fair..

    President Yoweri Kaguta Museveni has urged communities surrounding Kapeeka Industrial Park to take full advantage of the opportunities it offers in order to market their products and boost their household incomes. ..

  • PMI: Private sector maintains growth trend

    PMI: Private sector maintains growth trend..

    Uganda’s private sector showed resilience in October, with business conditions improving steadily as firms reported robust demand and increased hiring. The latest Stanbic Purchasing Managers’ Index (PMI) places the index at 52.9 for October, slightly down from 54.2 in September...

  • Zero dividends as Vision Group losses worsen

    Zero dividends as Vision Group losses worsen ..

    Uganda’s largest media house, New Vision Printing and Publishing Corporation, has reported a further decline in its financial performance for the year ending June 2024, extending its loss-making streak for the fourth consecutive year...

  • 75% of Ugandans survive on wages - report

    75% of Ugandans survive on wages - report ..

    According to the National Population and Housing Census (NPHC) 2024 final report, only 24% of Ugandan households have an income-generating business enterprise, while 76% rely on wages or subsistence farming...

Most Recent

Popular Links