Evelyn Anite, the State Minister of Finance for Investment and Privatisation, has revealed that Uganda’s economy is experiencing a remarkable transformation, growing at an impressive rate of 7% and positioning the country as a top investment destination in Africa.
According to Anite, the shift from an agriculture-driven economy to industrialisation drives job creation and import substitution, paving the way for a brighter future.
Commitment to Solving Investor Challenges
Anite revealed this during an investors’ Baraza held at Mbale Industrial Park in Mukono, on Tuesday, May 6, 2025, which marked a significant step towards addressing critical challenges facing investors.
The discussions at the Baraza focused on power outages, water access, taxation, and environmental compliance, yielding clear commitments and a shared sense of urgency.
UEDCL’s Game-Changing Investment
A breakthrough at the Baraza came when Anite revealed that the Uganda Electricity Distribution Company Limited (UEDCL) had pledged to utilise part of its USD74 million (about Shs271 billion) investment to end power outages affecting factories.
According to Anite, this commitment, reaffirmed during the Investors’ Baraza, is a significant win for the private sector and a testament to the government’s dedication to supporting investors.
Stronger Partnerships for a Brighter Future
Anite noted that Uganda’s future has never looked brighter, thanks to the strengthening partnership between the government and investors.
“As the country continues to experience rapid growth and transformation, the collaboration between stakeholders will be crucial in driving progress and unlocking new opportunities,” she noted.
Unlocking Uganda’s Potential
The Minister pointed out that with its impressive growth rate and commitment to solving investor challenges, Uganda is poised to become a hub for investment and industrialisation in Africa within a few years.
She explained that the government’s efforts to address critical issues and support the private sector will be instrumental in unlocking the country’s full potential and driving sustainable development.
Uganda’s economic boom is a reality, driven by strong growth, strategic investments, and a commitment to solving critical challenges.
Reiterating Anite’s words, as the country continues to move forward, the partnership between government and investors will remain a key driver of progress, unlocking new opportunities and shaping a brighter future for Uganda.