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Museveni woos Arab Emirates investors to Uganda

Peter 17th Jan, 2025 Economy Pedson Mumbere
Museveni woos Arab Emirates investors to Uganda

President-Museveni meets His Highness Dr Sultan-bin-Mohamed-Al-Qasimi, the-Supreme Council Member of the UAE and Ruler of Sharjah


President Yoweri Kaguta Museveni has extended a call to global investors, particularly those in the United Arab Emirates (UAE), to seize lucrative opportunities in Uganda by investing in the country.

A press release said while addressing the 4th edition of Abu Dhabi Sustainability Week (ADSW) 2025 at the Abu Dhabi National Exhibition Centre (ADNEC), Museveni emphasized Uganda’s untapped potential in agriculture, minerals, and value-added production as pivotal sectors for investment.

“Uganda offers an Internal Rate of Return (IRR) of 14.1%, making it a prime destination for profitable investments,” Museveni stated. “With the right partners, we aim to accelerate our transition from a lower-middle-income country to a high-middle-income economy and, eventually, to a first-world country.”

  • Museveni outlined key areas ripe for value addition, including: • Agriculture: Coffee, bananas, fruits, cassava, maize, tea, dairy, beef, poultry, and fish. • Minerals: Rare earth elements, gold, and iron ore. • Forestry: Timber and forest-based products.

He noted that these resources remain underexploited and could drive Uganda’s economic transformation if adequately tapped. The President emphasized that with Africa’s population projected to reach 2.5 billion by 2050, investors have access to a vast and growing market.

President Museveni assured investors of Uganda’s market potential, supported by a population of 46 million and bolstered by the East African Community (EAC), which comprises 300 million consumers. “Already, Uganda has a surplus in various products. Our strategic location and regional partnerships ensure that any investment here benefits from a vast and integrated market,” he added.

  • Additionally, Uganda’s progressive policies have laid the groundwork for long-term growth. For instance, the country’s recent reclassification as a lower-middle-income economy underscores its economic strides, with GDP growth averaging 6% annually.
Museveni woos Arab Emirates investors to UgandaPresident admires an artistic impression of the new hotel to be built by UAE investors in Kidepo National Park. PPU PHOTOS

The Abu Dhabi Sustainability Week, themed “The Nexus of Next: Supercharging Sustainable Progress,” serves as a global platform to address pressing sustainability challenges. Museveni’s address, titled “Transforming Uganda in a Rising East Africa,” resonated with the event’s focus on fostering inclusive economic, social, and environmental progress.

Museveni commended UAE President Sheikh Zayed bin Sultan Al Nahyan for his visionary leadership and hospitality, emphasizing the importance of partnerships in achieving shared prosperity. He reiterated that Africa’s growth trajectory is now unstoppable, provided leaders avoid ideological and strategic missteps that could generate conflict.

“With the adoption of correct policies and by avoiding unnecessary philosophical and strategic mistakes, Africa’s rise to global affluence is inevitable,” Museveni said. He highlighted Uganda’s focus on win-win solutions and urged international investors to partner with Africa in addressing global challenges.

Key Ugandan officials accompanying the President included Attorney General Kiryowa Kiwanuka, Finance Permanent Secretary Ramadhan Goobi, Health Permanent Secretary Dr. Diana Atwine, and Foreign Affairs Permanent Secretary Vincent Bagiire. Their presence underscored Uganda’s commitment to fostering robust partnerships and advancing sustainable development goals.

  • President Museveni’s invitation to investors aligns with Uganda’s broader vision to leverage its resources for accelerated growth. With its strategic location, abundant resources, and investor-friendly policies, Uganda is positioning itself as a hub for regional and global trade. For investors seeking high returns and sustainable opportunities, Uganda stands as a gateway to Africa’s prosperous future.

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