WHY YOU NEED TO INVEST IN UGANDA #AFRICA (THIS GOES TO YOU STEEMIAN COMMUNITY)

Today I left home for town to find out the possible sectors I would recommend you @steemians to peak interest when investing in Uganda.

Uganda as a country enjoys a unique location at the centre of Sub-Saharan Africa specifically based in the East African region. The country has neighbors from all corners, that is to say, Democratic Republic of Congo in the west, Kenya in the east, and Sudan in the north, Tanzania in the south and Rwanda in the southwest. Uganda enjoys pivotal trade partnerships that create a viable market for business since its land linked position, gives it a strategic commanding base to be a regional hub for trade and investment.

Any person willing to invest in Uganda, will find a well regulated highly liberalized economy in which all sectors are open for investment and there is a free movement of capital to and from the country.
The country’s political and economic atmosphere has been improving and stable since 1986. H.E. Yoweri Kaguta Museveni the president of uganda has been able to stabilize the political force in the region, which has provided a secure environment for business to thrive. Under the Constitution of Uganda and the Investment Code 1991,I here by guarantee you that there is security of investment.

The government has created a One Stop Centre for business registration and licensing at the Uganda Investment Authority in order to maintain the country’s business atmosphere. The work of the One Stop Centre is to assist in giving tax advice and registration, and all issues regarding work permit, they also deal with land acquisition and verification in order to avoid conflict that may result as a result of land.

During the year 2013, index of Economic Freedom ranked the country as the 8th freest economy of the 46 Sub-Saharan Africa countries since investors would have full repatriation of profits immediately after the mandatory taxes have been paid to the necessary authorities, and also a 100% foreign ownership of private investments.

The government requires an investor to have a minimum capital investment of approximately US$150,000 in order to be eligible to invest in the country any sector, Uganda’s labor has got some relevant skills that can enable them be employed, for example English speaking and hard working.
Commercial Agriculture and Agro processing is one of the best sectors I advise you @steemianCommunity to make your investments ,The main agricultural crops in Uganda include cotton, tea grains, sugarcane, and Coffee, Market for these crops is readily available

These agricultural crops account approximately 25% of the total export earnings and a third of foreign exchange earnings. Agro processing or value addition in this production can have various forms and levels that would range from basic to some-how more sophisticated level such as production packaging, Cooling, drying and many others. Investment opportunities in agriculture and agro-processing are too many in Uganda due to lack of enough funds by the residents, these could range from oil seed production and processing, cotton production, spinning and weaving, the production and processing of livestock products and many more

Another investment opportunity I would recommend you is Oil and Gas: I n Uganda According to the department of Petroleum Exploration and Production, approximately 23 oil or gas discoveries have been made in Uganda to date around the areas of lake Albert. According to the reports we received in news papers, there are approximately 23 fields of oil in existence. Per now, approximately over 3.7 billion barrels of STOIIP are being discovered with over 1.5 billion barrels of oil equivalent estimated as recoverable. Investment opportunities available in this aspect include: Joint Ventures and farm-in arrangements in existing licenses, Licensing for petroleum exploration and production, Heated crude oil pipelines to refinery, Service provision and contracts in the fields of Engineering, Construction, Environmental consultancy , Procurement and many others

CONCLUSION
Investing in Uganda is a good idea however there are challenges that you may face in the course, for example, you may be tasked to answer the following questions , WHAT TO INVEST IN ?, WHEN TO INVEST ? , WHERE TO INVEST ? and HOW TO INVEST?.