Uganda Trade Expo 2016
- UMA Exhibition Hall
- 13th Mar - 15th Mar
- 10:00 AM on Sunday
UGANDA MEANS BUSINESS
Businessmen have been keeping a keen eye on Uganda’s economic performance as the country continues to develop into a rapidly emerging market for consumer and capital goods from around the world.
Traders and business people around the world realise the great potential the country holds as an up-and-coming market and are now beginning to penetrate the Ugandan market in a big way.
This Exhibition will provide an opportunity to sell directly into the Ugandan market instead of routing its merchandise through Kenya.
Uganda’s economic performance in the last few years has generated a lot of interest in business circles around the world. Economists believe that the country has an economy with great potential as it is endowed with significant natural resources, including amply fertile land, regular rainfall, rich mineral deposits and a skilled labour force. Little wonder then that economic forecasts for Uganda predict that the country is now poised for rapid economic growth and development.
Political stability has been the cornerstone of economic success in Uganda. Since President Museveni came to power in 1986 there has been peace in most parts of the country.
Recent presidential elections have further boosted the country’s image and provided a platform for further economic development. In the last 10 years Uganda has made an impressive recovery from its turbulent past. Today, the country’s economy is on the upswing following the implementation of a structural adjustment programme recommended by the International Monetary Fund (IMF): in the last year the economy grew by over seven per cent
Uganda today is a country at peace. It boasts the fastest-growing economy in East Africa, and is working to better the lives of it’s people by moving towards a representative government and laying the groundwork to establish a viable commercial market. Uganda’s economy grew by 4 per cent in 2003, and since 1992 some $350 million in foreign investment has flowed into the country.
The inflation rate has dropped to under 10 per cent from a high of 250 per cent in 1987. Reform programs have slashed government employment by half, and reduced ministries by a third and the armed forces by 30 per cent.
As the relationship between the international business community and Uganda develops in scope and stature, plenty of opportunities are becoming available to Ugandan exporters as well as foreign investors, entrepreneurs and holiday travellers. Given such a positive climate, the joint efforts of the Ugandan government and private sector organisations to create an ever-greater economic bond are also expected to gain momentum in the coming years.