Uganda Business
• Main exports: Coffee, fish and fish products, tea, tobacco and cotton.
• Main imports: Capital equipment, vehicles, petroleum, medical supplies and cereals.
• Main trade partners: Kenya, Belgium, UAE and the Netherlands.
Economy
The economy recorded fairly steady economic growth throughout most of the last decade (6% annual growth in 2007) and, in contrast with much of the rest of Africa, has enjoyed a series of good harvests. Inflation was at 5.8% in 2007.
The most pressing problem has been the country's debt burden. Its total external debt now stands at just under US$4 billion. In exchange for debt cancellation programmes, the government has been obliged to introduce a series of economic reforms, principally the removal of price controls and trade restrictions and a reduction in government spending.
Uganda is a member of the African Development Bank and of the Common Market for Eastern and Southern Africa (COMESA). In 2003, Uganda joined with neighbouring Kenya and Tanzania in a plan to revive the East African Customs Union (a previous attempt folded in 1977).
Business Etiquette
Office hours: Mon-Fri 0800-1230/1300 and 1400-1630/1700.
Conferences & Conventions
Business Contacts
PO Box 7418, Investment Centre, Plot 22B, Lumumba Avenue, Kampala, Uganda
Tel: (41) 301 000.
Website: www.ugandainvest.com
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