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Dr. Maggie Kigozi _Executive Director of the Uganda - INVESTMENT

VIEWS: 6 PAGES: 14

									UGANDA A LEADING INVESTMENT DESTINATION




   INVESTOR WELCOME IN AFRICA


                      By
              Dr. Maggie Kigozi
              Executive Director
          Uganda Investment Authority



 CDM Capacity Building Project for ACP Countries
       Frankfurt March 21st – 23rd, 2002
   UGANDA A LEADING INVESTMENT DESTINATION

              WELCOME TO AFRICA

• Leaders with a vision and education
• Strategy to alleviate poverty
• Poverty Eradication Action Plan
   – Private Sector driven economy
   – Social Services provided by Government
      • Education
      • Health
      • Environment
      • Infrastructure
    UGANDA A LEADING INVESTMENT DESTINATION

     UGANDA’S STRATEGIC LOCATION IN
          THE HEART OF AFRICA

                                             MARKET
                               Uganda        -       22 million
                               East Africa -         76 million
                               Great Lakes Region- 159 million
                               COMESA
                                     - 23 member countries
                                     - 300 million people.
                   Mombasa
                                     - Imports over US$ 170 billion
UGANDA            Dar es salaam      annually.
                               AGOA
                               EU – Preferential Treatment of Exports

               Durban
      UGANDA A LEADING INVESTMENT DESTINATION
        AFRICA – AN INVESTMENT DESTINATION
1) Political Stability
2) Economic Strength/Fundamentals
3) Attitude of Welcome - from Minister to most junior civil
    servant and public
4) Supportive Government Policies
    a) Equity                          b) Employment of Expatriates
    c) Ownership of Assets/Land        d) Tax Appeal Tribunal
    e) Institute of Corporate Governance
5) Improving Infrastructure - Electricity, Telecoms, Land, Water …
   Availability, Costs, Quality etc...
6) Availability of Labour - Trainability, Education, Work Ethic,
    Harmony, Productivity
7) Liberalized Banking and Finance
8) Streamlining Government Machinery
9) Friendly Local Business Environment
10)Quality of Life
        UGANDA A LEADING INVESTMENT DESTINATION

          UGANDA INVESTMENT AUTHORITY
Vision
   “Make Uganda the leading Investment destination”.
Mission
   “Make a significant and measurable contribution to
   Uganda’s development process by promoting private
   Investment”.

Role
       To promote, facilitate and monitor investment in Uganda
       To provide advisory services to Government on policies
  which affect investment
      UGANDA A LEADING INVESTMENT DESTINATION
       FOCUSED INVESTMENT PROMOTION
        Geographic         Sectoral
•   South Africa       • Agriculture & Agro-Processing
•   Kenya                  – Horticulture (Floriculture, Fruits &
                             Vegetables)
•   Mauritius              – Food Processing
                           – Livestock (beef & Leather)
•   Egypt
                           – Cotton/Textile
•   UK                 •   Mining
•   Italy              •   Tourism
•   Netherlands        •   Packaging
•   India              •   Services
•   China                  –   Medical Facilities
                           –   Educational Institutions
•   Malaysia               –   ICT
•   USA                    –   Financial Services
                           –   Printing & Publishing
                           –   Inland Port/Air Cargo Facility
                           –   Multi-Facility Economic Zones
UGANDA A LEADING INVESTMENT DESTINATION

 RESULTS OF ECONOMIC REFORMS
                              1990        2001
Total GDP (US$ Billion)       3.73   6.34
GDP Growth rate               5.1%  6.0%
GDP Per Capita (US $)         150    330
Inflation                     243%   4.6%
Lending rates               40-60% 14-28%
Exports (m US$)               510     511
Imports (m US$)               531   1,863
Poverty                        56%    35%
    UGANDA A LEADING INVESTMENT DESTINATION

   UIA LICENCED PROJECTS - DISTRIBUTION

OWNERSHIP OF PROJECTS           TEN MAJOR FDI COUNTRY
  LICENCED (1991-2001)             SOURCES (1991-2000)

                              1.    United Kingdom
       JV                     2.    Canada
      25%                     3.    Kenya
                    LOCAL     4.    South Africa
                     36%      5.    United States of America
                              6.    Switzerland
                              7.    Sudan
                              8     India
                              9     Sweden
    FOREIGN                   10.   Germany
      39%
                 UGANDA A LEADING INVESTMENT DESTINATION

                   UIA LICENCED INVESTMENT 1991 - 2001

                   Cummulative Value of Planned and Actual Investment 1991-01

                6,000

                5,000
Value (M US$)




                4,000
                                                                    Cum. Planned Investment
                3,000
                                                                    Cum Actual Investment

                2,000

                1,000

                   0
                       1   2   3   4   5   6   7   8   9   0   1
                    199 199 199 199 199 199 199 199 199 200 200

                                         Year
     UGANDA A LEADING INVESTMENT DESTINATION

        FDI in Flow to Uganda (1989 – 2000)

 Year              FDI m$
                            300
 1989/94 (avg)     23
                            250
 1995              121                          1989/94
                            200                 1995
 1996              121                          1996
                            150
 1997              175                          1997
                                                1998
 1998              210      100
                                                1999
 1999              222      50
                                                2000
 2000              254       0
                                  FDI (m US$)

Source: WIR 2001, UNCTAD
          UGANDA A LEADING INVESTMENT DESTINATION

                    UGANDA IS ADVANCING
     World Rank According to Annual Average Inflows of FDI
1990 –1995 1995 – 1999             1999             2000
                                                    Nicaragua 81
                                                    Uganda 82
                                   Tanzania 87 Bahamas 83
              Tanzania 91          Uganda 88 …
              Uganda 92            Papua N.G. 89 Lesotho 86
              Uruguay 93           Zambia 90        Morocco 88
Armenia 159 Zambia 94              UAE 91           Zambia 89
Macao 160                                           Papua N.G. 90
Uganda 161                                          Tanzania 92
Somalia 162                                         Kenya 124
                     Between the 1st and 2nd half of the 1990s, Uganda
                     reported the 4th largest improvement in its FDI
Source: UNCTAD       position, and 11th largest inflows in Africa
Promoting Investment in a Globalizing Economy
                 UGANDA A LEADING INVESTMENT DESTINATION

                How Sectors are Growing: Case Study in Flowers
                   Volume and Value of Floriculture Exports from Uganda, 1995 - 2001

                3500                                                                20.0
                              Cuttings
                                                                                    18.0
                3000          Roses
                              Total Value                                           16.0




                                                                                           Value (US$ Millions)
                2500                                                                14.0
Volume (tons)




                2000
                                                                                    12.0
                                                                                    10.0
                1500
                                                                                    8.0

                1000                                                                6.0
                                                                                    4.0
                 500
                                                                                    2.0
                   0                                                                0.0
                       1995       1996      1997   1998   1999    2000   2001est.
      UGANDA A LEADING INVESTMENT DESTINATION

                MTN’s Capital Expenditure
                                                 Actual   EBITDA
   140,000
   120,000
   100,000
    80,000
    60,000
    40,000
    20,000
         0
             Dec- Mar- Jun- Sep- Dec- Mar- Jun- Sep- Dec- Mar-
              98   99   99   99   99 00     00   00   00   01

Source: MTN Information Memorandum
           UGANDA A LEADING INVESTMENT DESTINATION


    CONTACT INFORMATION:

•   UGANDA INVESTMENT AUTHORITY,
•   The Investment Center
•   Plot 28 Kampala Road
•   P.O.Box 7418 Kampala

•   Tel: (256) 41 251562/5
•   Fax: (256) 41 342903
•   Email:        info@ugandainvest.com
•   WebSite:      www.ugandainvest.com    THANK YOU

								
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