Uganda to Showcase Export Promotion Strategies and Investment Opportunities at UK-Africa Business Summit

Strategic Insights -

The Ugandan government is set to showcase its export promotion strategies, tourism potential, and investment opportunities at the UK-Africa Business, Trade, and Investment Summit 2025 in London. Led by Internal Affairs State Minister Gen David Rubakuba Muhoozi, the delegation will highlight the country's ten-fold growth strategy, aiming to transition Uganda from a lower-middle-income country to an upper-middle-income nation by 2040. The goal is to grow Uganda's economy to $500 billion by 2040, with a projected GDP growth of Shs254.2t ($66.1 billion) in FY2025/26 and a GDP per capita of $1,324 (Shs4.7m). The summit comes at a time when total trade in goods and services between the UK and Uganda stood at APS606 million (Shs2.9t) as of June 2024.

Key Takeaways:

  • The Ugandan delegation to the UK-Africa Business Summit 2025 includes key figures such as Matia Kasaija (Finance, Planning, and Economic Development), Betty Amongi (Labour, Gender, and Social Development), Rebecca Kadaga (East African Affairs), Francis Mwebesa (Trade, Industry, and Cooperatives), and Ruth Nankabirwa (Energy and Mineral Development), among others.
  • The Ten-Fold Growth Strategy aims to grow Uganda's economy ten times by 2040 through agro-industrialization, tourism, mineral development, and science, technology, and innovation (STI).
  • Uganda targets an ambitious $500 billion economy by 2040, with a projected GDP growth of Shs254.2t ($66.1 billion) in FY2025/26 and a GDP per capita of $1,324 (Shs4.7m).
  • Total trade between the UK and Uganda stood at APS606 million (Shs2.9t) as of June 2024, with Uganda exporting APS123 million (UGX 604.7 billion) worth of goods to the UK and importing goods worth APS483 million (UGX 2.3 trillion).
  • The Ugandan government is expected to discuss investment opportunities in East Africa, UK-Africa partnerships, and how to strengthen bilateral trade at the summit.
  • Key speakers at the summit will include government officials, industry leaders, and investors, as well as the country's business mogul Dr. Sudhir Ruparelia, who will speak on transforming businesses and creating opportunities for sustainable growth.
  • The summit aims to deepen Uganda's global partnerships, unlock capital, and position the country as a strategic investment destination in East Africa.

Statistics:

  • Total trade in goods and services between the UK and Uganda stood at APS606 million (Shs2.9t) as of June 2024.
  • Uganda exported APS123 million (UGX 604.7 billion) worth of goods to the UK.
  • Uganda imported goods worth APS483 million (UGX 2.3 trillion) from the UK.
  • The Ugandan government targets an ambitious $500 billion economy by 2040.
  • The country aims to grow its economy ten times by 2040 through the Ten-Fold Growth Strategy.
  • The economy is projected to grow to Shs254.2t ($66.1 billion) in FY2025/26.
  • GDP per capita is expected to rise to $1,324 (Shs4.7m) in FY2025/26.

Sources:

  • Uganda's Ten-Fold Growth Strategy document.
  • Remarks by Dr Ramathan Ggoobi, Permanent Secretary in the Ministry of Finance, at the UK-Africa Business Summit 2025.
  • Statement by Matia Kasaija, Minister of Finance, Planning, and Economic Development, in Parliament.
  • UK Department for Business and Trade data on UK-Uganda trade.
  • Articles by the Daily Monitor and other Ugandan news outlets.