Uganda is an investor’s gem
Uganda has received more foreign direct investment in the past three years than any of its neighboring countries, the United Nations Conference on Trade and Development (UNCTAD) World Investment Report shows.
Uganda is a prime investment destination, Africa.com reports, for several reasons. The country is home to great energy potential. Uganda recently discovered 3.5 billion barrels of oil off Lake Albert, which is on the country’s border with the Democratic Republic of the Congo. The construction sector will benefit greatly from the oil boom in the country. More hotels will need to be built, not only for the energy sector, but also to cater for the growing number of tourists in Uganda.
Also, the real estate sector holds potential, as well as the transport sector. There is a great need for road infrastructure. The agribusiness sector, including fisheries, requires greater investment. Population growth and increased urbanization in the next five years will lean heavily on the country’s current capacity, Africa.com reports.
Further reading on africa.com