Uganda has solidified its position as one of Africa’s fastest-growing economies, bolstered by increasing international partnerships. The recent “Doing Business with Uganda” forum highlighted its expanding ties with Dubai, focusing on trade and investment opportunities.

Strengthened Uganda-Dubai Ties

Mohammed Ali Rashed Lootah, CEO of Dubai Chambers, emphasized Uganda’s potential, noting USD 1.2 billion in non-oil bilateral trade in 2022. Sectors like coffee, energy, infrastructure, agriculture, and tourism present major opportunities. The Dubai Multi Commodities Centre (DMCC) Coffee Centre is already linking Ugandan exporters to global markets.

Trade and Strategic Advantage

Uganda’s strategic location offers access to East Africa’s 300-million-strong market via the EAC and COMESA. Trade with the UAE includes gold and agricultural exports worth USD 1.12 billion, while imports include machinery and IT equipment valued at USD 305 million.

Economic Growth Outlook

With a projected 6% GDP growth in 2023/24 and an expected 10.8% surge in 2025/26 driven by oil production, Uganda’s economy is set for transformative growth. Favourable policies, such as reduced lending rates, are ensuring sustainable development.

Uganda’s partnership with Dubai and its economic reforms positions it as a key investment destination in Africa, paving the way for mutual prosperity.