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Investment Policy Review - Uganda

image of Investment Policy Review - Uganda

Over the past decade, the Government of Uganda has reversed earlier policy and management failures that were destructive to the economy and the investment climate. With economic fundamentals restored, investor and donor confidence have grown. The need for Uganda to continue the momentum of recovery towards sustainable development is the central message of this publication. Investment Policy Review discusses foreign direct investment (FDI) trends and the improved economic and investment climate, which have placed Uganda as one of the front runners for inward FDI. Reviews the policy and operational framework for FDI and considers opportunities for FDI in utilities, infrastructure and financial services. It also provides an eight-point action plan on investment promotion and highlights priority actions to attract FDI.

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Investment opportunities and constraints: Infrastructure, utilities and financial services sectors

The utilities and infrastructure of Uganda suffer from such chronic under-investment, poor maintenance and poor service reliability that they now represent a severe obstacle to the conduct of business and the attraction of investment. To date these services have been provided under monopoly conditions by state enterprises, the majority of which have been poorly managed and are in disastrous financial condition. Most are now candidates for privatization, although this process still lacks strategic direction and adequate regulatory development to ensure that private ownership is properly introduced. FDI can play a significant role, although the relatively small size of Uganda's economy will make it difficult to introduce private investment in all areas.

English

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