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Uganda Investment Authority Welcomes You to the UK-UGANDA INVESTMENT FORUM 2014 Lancaster House – London 6 th to 7 th May 2014. UK - UGANDA Investment Forum 2014. INVESTMENT CLIMATE AND OPPORTUNITIES IN UGANDA DR Frank B Sebbowa, ED Uganda Investment Authority. (May, 2014).
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Uganda Investment Authority Welcomes You to theUK-UGANDAINVESTMENT FORUM 2014Lancaster House – London6th to 7th May 2014
UK - UGANDAInvestment Forum 2014 INVESTMENT CLIMATE AND OPPORTUNITIES IN UGANDA DR Frank B Sebbowa, ED Uganda Investment Authority (May, 2014)
It is Time for Africa Population (2012) • Africa 863 mill • U/States 292 mill • India 1,069 mill • China 1,289 mill • Europe 727 mill • Argentina 37 mill • N/Zealand 3.9 mill • UK 59 mill
Structure of this Presentation • Introduction • What UIA does • Investment opportunities • Investment incentives • Challenges • Conclusion
Pre-Conditionsfor most Investors • Basic infrastructure Transport (Road, railway, airfreight etc) Utilities (Energy, telecom, H2O) Land (Availability, affordability etc) • Stability Political Economic Social • Policy framework Legal/Regulatory Financial Incentives
How investors are: supported by UIAthe Uganda Investment Promotion Agency • Provides Information on investment opportunities • UIA Issues Investment Licenses • Assists in Securing Secondary Approvals • Assists in Finding Joint Venture Partners • UIA’s “One-Stop-Centre” (URSB, URA, UIB, NEMA & Lands) • Handholds Investors through Bureaucratic Bottlenecks • Provide Serviced Land and/or Link to Land Owners • Guiding SME to Partner with Multi-Nationals • Make Policy Recommendations to Government
Investment Opportunities • Greenfield • Joint venture • Acquisition
Agro-(crops) • Coffee • Pineapples • Ground Nuts • Passion fruits • Oranges
Agro-(Livestock) • Commercial farming • Processing of Livestock Products • Slaughter Facilities • Fisheries (Commercial farming (Cage and pond) fish processing, sport fishing, fish feeds, cold storage facilities and manufacture of appropriate fishing gear for deep fishing etc) • Others(Improved seeds, Pesticide, Herbicides, Machinery Fabrication, Animal feeds/drugs, packaging materials etc). http://www.bing.com/imag/search?q=Picture+of+a+en&id=09E7FECBDFF533A26AF33B2ADE7C97CA92D5AD29&FORM=IQFRBA
Tourism • Accommodation & Conference facilities • Training infrastructure for tour guides and operators • J/V with existing players • Tourism (Cultural Tourism & sites and water sports)
Energy • Charcoal briquettes (Municipal/Agric. waste) • Hydro power generation • Solar power (Sunshine) • Methane gas from Animal Waste • Manufacture of electrical & electronic equipment
Services • Education: Primary & secondary tertiary institutes & campuses Vocational and poly-technics • ICT: Business Process Outsourcing, Software Development, Computer training/assembly/repair, Mobile phone repair, Rural communication (Radios), Internet cafes etc. • Health: Modern Health Facilities, Training medical Personnel, Manufacture of medical equipment/drugs and Tele-medicine
Mining • Uganda offers a variety of opportunities: • Dimension stone products (Marble and granite) • Phosphates • Gold • Iron ore • Container glass from silica sands • Special minerals: vermiculite, rare earths • Oil and Gas • Petroleum (Petrochemical related Industries.)
Opportunities in Real Estate Development Current Status (in Million Units) • Residential housing need: 6.4 m • Existing housing stock: 5.7 m • Total national backlog: 0.7 m • Urban areas stock: 0.8 m • Urban backlog: 0.17 m • Rural housing stock approx. 4.6m Rural backlog: 0.5 m
Multiple Players – Multiple Beneficiaries • Opportunities for a wide range of players: • • Contractors, property developers and business park operators. • • Companies as investors or to establish operations. • • Financial investors. • • Providers of PR & marketing, financial, legal, accounting and real estate services. • • Providers of renewable energy and sustainable eco-system management solutions.
INVESTMENT INCENTIVES (ALLOWANCES From Year of Implementation) • Duty and Tax free import of most plant & machinery • Capital Allowances on Plant & Machinery 50% - 75% • Start up cost spread over 4 years 25% p.a. • Scientific research expenditure 100% • Training expenditure 100% • Mineral exploration expenditure 100% • Initial allowance on industrial buildings 20% • Depreciation rate for industrial buildings 5% • Depreciation rates of assets range 20% - 40% • Managed by UGANDA REVENUE AUTHORITY
Contact Uganda’s IPA UGANDA INVESTMENT AUTHORITY, Plot 22B TWED PLAZA LUMUMBA AVENUE P.O. BOX 7418 KAMPALA Tel: (256) 414 301000 Fax: (256) 414 342903 Email: info@ugandainvest.go.ug Website: www.ugandainvest.go.ug