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    Business Leads from Africa

    Uganda Means Business

    An unprecedented surge in demand for consumer goods makes Uganda a lucrative market in Sub-Saharan Africa
    Uganda Business Export

    Businessmen in the United Arab Emirates have been keeping a keen eye on Uganda's economic performance as the country continues to develop into a rapidly emerging market for consumer and capital goods from the Middle East. As the next century approaches there is a mood of optimism and a belief that Uganda will once again emerge as the 'Pearl of Africa' - the name given to it by the late Sir Winston Churchill in 1908.

    Traders and business people in the United Arab Emirates realise the great potential the country holds as an up-and-coming market and are now beginning to penetrate the Ugandan market in a big way. A large contingent of UAE companies will be participating in the forthcoming Uganda International Trade Fair which is being organised in Kampala. This trade fair is sure to provide a further boost in UAE-Uganda trade ties as it will provide UAE-based companies an opportunity to sell directly into the Ugandan market instead of routing their merchandise through Kenya.

    Dubai's re-exports to Uganda have more than doubled in the last 5 years due to increased trade between the two countries. As more and more Ugandans realise the benefits and convenience of doing business with Dubai, these figures are sure to rise in the coming years. Already Dubai has emerged as a favourite shopping destination for the people of Uganda. "The availability of quality goods at competitive prices is attracting a growing number of Ugandans to Dubai," says Zaake Wanume Kibedi, Ambassador of Uganda to the United Arab Emirates.

    Uganda's economic performance in the last few years has generated a lot of interest in business circles around the world. Economists believe that the country has an economy with great potential as it is endowed with significant natural resources, including amply fertile land, regular rainfall, rich mineral deposits and a skilled labour force. Little wonder then that economic forecasts for Uganda predict that the country is now poised for rapid economic growth and development.

    Uganda: The New Business Destination in East Africa

    The Ugandan economy has been registering an unprecedented aveareg GDP growth rate of over 5 per cent in the last 5 years, making it one of the fastest growing economies in East Africa. Inflation, which had been rising at an alarming pace in the early 80's has also dropped drastically to less than 30%. Add to this the political stability and liberal economic policies of the current government and you’ll know why Uganda has suddenly become the centre of attraction in the East African region.

    Political stability has been the cornerstone of economic success in Uganda. Since President Museveni came to power in 1986 there has been peace in most parts of the country. Recent presidential elections have further boosted the country’s image and provided a platform for further economic development. In the last 10 years Uganda has made an impressive recovery from its turbulent past. Today, the country's economy is on the upswing following the implementation of a structural adjustment programme recommended by the International Monetary Fund (IMF): in the last year the economy grew by over seven per cent. Though the economy is still based on agriculture, with coffee accounting for up to 80 per cent of export earnings, yet the manufacturing sector has also gained in prominence. New industries have recently been set up for processing of vanilla, fish fillets and roses for export. Although Uganda’s major export markets are Europe and the USA, the Middle East is fast emerging as a big market for Uganda. Uganda’s exports to the Middle East constitute cotton, tea, tobacco hides, skins, vegetables, fruits, and fish.

    Uganda's relations to the Arab world go back to the 1830s when Arab traders moved inland from their enclaves along the Indian Ocean coast of East Africa and reached the interior of Uganda. Since then, Uganda has had cordial relations with the Arab world. As member of the Organisation of Islamic Countries (OIC), Uganda is considered as an ally and friend by all Arab countries.

    Tourism, which used to be Uganda's fourth largest source of foreign exchange until the troubles of the 1970s, is another area of potential growth in UAE-Uganda relations. Uganda is home to about two-thirds of the rare mountain gorillas which still live in the wild. This and other opportunities to view primates such as man's closest relative, the chimpanzee, are attracting a growing number of visitors from all over the world. A concerted international marketing campaign by the Uganda Tourist Board (UTB) will go a long way in luring more visitors from the region. Till now, the private sector has taken the initiative to promote Uganda's tourist attractions abroad.

    Business in Uganda

    Today, Uganda is passing through a transitional phase in its economic evolution. Until 1972, Asians, who constituted the largest non-indigenous ethnic group in Uganda, were the main players in the financial markets of the country. In that year, the Idi Amin regime expelled 50,000 Asians, who had been engaged in trade, industry, and various professions. In the years since Amin’s overthrow in 1979, the country began a programme of economic recovery that received considerable foreign assistance.

    Uganda today is a country at peace. It boasts the fastest-growing economy in East Africa, and is working to better the lives of it's people by moving towards a representative government and laying the groundwork to establish a viable commercial market. Foreign investments has flowed into the country.

    The inflation rate has dropped to under 10 per cent from a high of 250 per cent in 1987. Reform programs have slashed government employment by half, and reduced ministries by a third and the armed forces by 30 per cent.

    As the relationship between the international business community and Uganda develops in scope and stature, plenty of opportunities are becoming available to Ugandan exporters as well as foreign investors, entrepreneurs and holiday travellers. Given such a positive climate, the joint efforts of the Ugandan government and private sector organisations to create an ever-greater economic bond are also expected to gain momentum in the coming years.

    Kampala
    CITY ON THE MOVE

    Kampala, the capital city of Uganda is spread over ten hills and derives its name from Kasozi k'empala, "the hill of antelopes". The origins of the city go back to 1891 when the Kabaka (king) of Buganda had his court on Mengo hill. It grew to municipal status in 1950 and became a city in 1962. Today, as you stand on the hills, the city provides magnificent ever green view gently disrupted by red-tiled villas, green iron-roofed bungalows, as well as taller modern city profiles that give way to attractive views of the surrounding countryside and nearby Lake Victoria. The city has retained its traditional charm, and remains the greenest in Africa. Kampala is the heart of Uganda, the center of commercial life the seat of the government. It is a vibrant modern metropolis adorned with gardens and parks providing colourful oases for its citizens and vistors alike. Hotel facilities with state-of-the-art conference facilities, to offer accommodation for the more budget-minded. The broad range of cultures in Uganda is also reflected in the wide choice of restaurants in the city, all featuring the wonderful produce of the country’s fertile countryside and fish-filled lakes. The Serena Hotel, one of the most reputed hotels in Kampala is recommended for a comfortable and pleasant stay in Uganda. The hotel combines African surroundings and aura with modern amenities and world-class facilities to provide a unique African experience. Sheraton Kampala is another good hotel for those looking for world-class amenities. Our recommendations - Well, Serena Hotel... undoubtedly!

    Business Advise
    HOW TO PROMOTE YOUR PRODUCTS IN UGANDA

    There are a few easy ways to make your presence felt in the markets of Uganda and neighbouring countries like Kenya, Tanzania, Burundi, Rwanda and of course the huge market of the Democatic Republic of Congo (formerly known as Zaire).

    The first and foremost, and by far the most effective, is to establish direct contacts with your business counterparts in these regions by haveing a Paid Company Listing on renowned B2B African portals like the Africa Busisness Pages. A listing under your relavant business category can yield a good number of business leads for your company and help you find potential buyers in the African markets.

    Digital Marketing in Africa

    You can also subscribe to the dedicated Lead Generation Service offered by Africa Business Pages which guarantees you a decent number of business inquiries from African buyers everyday. By backing its huge database of companies in Africa with some unique and effective digital marketing techniques, the African Business Pages has been generating business leads from Africa for over 25 years. The growing use and influence of the Internet can also be harnessed to promote your business in the African markets.

    Uganda Business Directory

    Africa Tyre Importers DirectoryIn an effort to connect international suppliers with potential busines partners and importers in Uganda, the Africa Business Pages has compiled a special Uganda Business Directory which lists all major companies and importers in Uganda. This unique database lists importers of in all major cities like Kampala and Entebbe and has served as a ready-reference guide for those looking to export to Uganda. The Uganda Business Directory is now available as an instant download in Excel format. (Download link available HERE). The directory promotes direct B2B contacts between international suppliers and Ugandan importers, traders, wholesalers and distributors.


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