Uganda has been voted the Best Investment Destination in East Africa for the third consecutive time at the Annual Investment Meeting (AIM) Congress. This achievement is a testament to the country’s growing attractiveness to investors and the favorable business environment created by the government, according to the State Minister of Finance for Investment and Privatisation, Hon. Evelyn Anite.
“I extend my heartfelt congratulations to H.E Yoweri Kaguta Museveni for the visionary investment policies that continue to bear fruit,” Minister Anite said. “Thanks to these efforts, Uganda attracted Foreign Direct Investment worth US$3.3 billion, contributing to job creation and economic growth for our people. Uganda is open for business, now more than ever,” she added.
Key Factors Contributing to Uganda’s Success
Here are some of the reasons why Uganda stands out as the best Investment Destination in East Africa;
Visionary Investment Policies
The government’s investment policies, led by President Yoweri Kaguta Museveni, have been instrumental in attracting foreign direct investment (FDI) worth USD3.3 billion (over Shs12.2 trillion), driving job creation and economic growth.
Enabling Business Environment
Uganda’s business-friendly environment has been recognized globally, with the country being named the top investment destination in Africa in 2024 and second-best in 2025.
Strategic Green Investments
The country has attracted significant investments in the green economy, including:
Nexus Green
This one is a solar energy company investing US$100 million (about Shs370 billion) in a factory, creating 200 jobs directly and 1,000 indirectly.
1MTN
A nature-based carbon removal project developer that is investing US$1.5 million (about Shs5.5 billion), with plans to invest US$100 million (about Shs370 billion) in the next four years.
Spouts of Water
A ceramic water filter manufacturer that is investing $10 million (about Shs37 billion), with plans to invest an additional US$80-100 million in the next four years.
Government Support and Incentives
The government of Uganda also has several incentives that attract investors to the country, which include;
Uganda Investment Authority (UIA)
The UIA provides robust support to investors, offering services such as investment promotion, investor facilitation, and aftercare.
Investment Incentives
The government offers various incentives, including tax breaks and land allocation, to encourage investment in key sectors like agriculture, energy, and infrastructure.
Uganda’s recognition as the Best Investment Destination in East Africa is thus a testament to the country’s commitment to creating a favorable business environment and attracting strategic investments.
With its visionary leadership, business-friendly policies, and strategic investments, Uganda is an attractive destination for investors looking to tap into the region’s growth potential.