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Uganda named top investment destination in Africa

ENTEBBE, May 24, 2024 – President Yoweri Kaguta Museveni recently received an award that ranks Uganda as a top investment destination on the African continent.

Uganda beat six other nations to emerge the best investment destination in Africa during a global investor award gala dinner at the Abu Dhabi National Exhibition Centre [ADNEC] as part of the 13th edition of the Annual Investment Meeting [AIM] that took place in Abu Dhabi in the United Arab Emirates [UAE].

The award was handed over to the President at State House Entebbe by the Minister of State for Privatisation and Investment, Evelyn Anite who represented the government of Uganda at the award gala.

Anite hailed President Museveni’s correct and consistent policies that have made Uganda’s business environment competitive for global and local investors.

She was flanked by the Minister of Finance, Planning and Economic Development, Matia Kasaija, the Chairman Board of Directors-Uganda Investment Authority, Morrison Rwakakamba, Uganda Investment Authority [UIA] Director General, Robert Mukiza, among others.

This is the second time Uganda is receiving an accolade from AIM, after the one in 2023 where it won the award for the best investment destination in East Africa.

The AIM Congress 2024 was held under the theme “Adapting to a shifting investment landscape: Harnessing new potential for global economic development”.

Uganda, a country teeming with economic potential and diverse business opportunities in strategic sectors like agriculture, tourism, and ICT, leveraging the business-friendly environment and supportive government policies.

Uganda’s fertile land and favorable climate make it ideal for growing crops such as coffee, tea, and bananas. The tourism industry is also on the rise, with the country’s diverse wildlife and cultural heritage drawing in visitors from all over the world.

Real estate is also a promising sector, with a growing middle class and urbanization driving demand for housing and commercial properties.

In addition to these sectors, there are also opportunities in manufacturing, energy, and services. The government is investing in infrastructure development to improve transportation and power supply, making it easier for businesses to operate in the country.

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