What is Uganda's best industry

Abundance of raw materials and high economic growth

Political stability, high economic growth rates, low inflation rates, low wages, low taxes and free transfer of profits are framework conditions that attract investors from all over the world.

Uganda is among the top 100 countries in the world for its economic performance and is one of the nations with the highest economic growth. This has been over 6% on average over the past 20 years.

Uganda's economy has developed rapidly from an agricultural country to a modern industrial society. The share of agriculture in the gross national product is only 44%, industry 18% and services 38%. Means of communication such as mobile phones and the connection to the World Wide Web have quickly brought Uganda closer to global markets and accelerated the country's economic and industrial development. Well-known high-tech companies in the computer and communications industry are based or represented in Uganda.

Agricultural products Coffee, tea, cotton, tobacco, flowers and fish are the main export goods. Uganda is rich in mineral resources (cobalt, zinc, gold, tungsten and tantalum), which are being developed more and more. Tourism, metal processing, leather processing, the packaging industry and many other new branches of industry offer ample opportunities on the domestic market as well as on the export markets of the OAU, the common East African market and the world markets. Germany is one of Uganda's most important trading partners. The main export countries are Germany (12%), the Netherlands (10%), the USA (8.7%), Spain (8%) and Belgium (7.1%) Source: Statistical Office.

Oil industry, refineries and infrastructure projects

Oil is about to become Uganda's next export product. The Ministry of Energy and Mining, supported by the Ministry of Finance, is vigorously promoting the development of mineral resources and oil deposits and energy generation. The use of renewable energies is very important.

Uganda is developing from an agricultural country to an industrial country, a development that Bavaria has undertaken in the past. However, agricultural production continues to be a focus of the economy. In addition to traditional products such as coffee, tea, tobacco, fish, flowers, etc., organic products are increasingly being manufactured and exported.