The Ugandan economy has tremendous potential. The country has emerged from historical Political instability and the economy began to stabilise in the 1990s – with GDP growing at an average of 6.5% a year between 1990 and 2015.
The government has focused on infrastructure development. A major airport is situated 25 miles south of Kampala at Entebbe, near Lake Victoria. Construction of a second airport, at Kabaale in Uganda’s western region, began early in 2018. Once complete, the airport is designed to facilitate the development of an oil refinery capable of producing 60,000 barrels a day.
Uganda is the continent’s second largest producer of coffee, which accounts for around 17% of exports. Other important exports include cotton, tea and tobacco. In recent decades, fruit, vegetables, vanilla and fish have become important exports. Not necessarily for exports, Uganda is the second leading producer of bananas in the whole world.
HLB Uganda is one of the leading firms providing audit and assurance, public financial management, consultancy, accountancy, capacity building, tax advisory, social and business research, baseline studies, and management consulting services within Uganda and across Africa.
Latest insights, case studies and news from across the network
International business models for a post COVID-19 world
What will the long term impact of COVID-19 be on international business models and was will leaders focus on in a post coronavirus world?
HLB International Tax Webinar: Navigating COVID-19 governmental tax relief and incentives
In the next episode of our International Tax Webinar series, HLB tax advisors from several jurisdictions discuss COVID-19 associated tax measures and implications.
How the Tech Community is Combatting the Coronavirus
As news of the COVID-19 pandemic continues to pour in, the tech community is pulling its resources to combat the coronavirus.
Get in touch
Whatever your question our global team will point you in the right directionStart the conversation