- 13th UK-Uganda Investment and Trade Summit 2023 -

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Investing in the Future: Opportunities in Hoima City, Uganda

By Badru Ntege, Director, Nft Consult Group

"His Worship A. Brian Kaboyo, Mayor of Hoima City, shares the vast investment opportunities in Uganda's emerging city, signifying a new era of economic growth and development."

At the 13th UK-Uganda Trade Summit, His Worship A. Brian Kaboyo, Mayor of Hoima City, highlighted the city’s rapid growth and potential as a prime investment destination in Uganda.

The Rise of Hoima City:

Hoima City, recognized as one of Uganda’s fastest-growing cities, is pivotal in the Albertine Graben’s oil and gas activities.
The Mayor emphasized Hoima’s role as a transaction city, inviting investors to capitalize on the burgeoning opportunities in oil and gas, and beyond.

Investment Opportunities:

Agriculture: Dominant in the local economy, with crops like cassava, maize, sweet potatoes, and rice contributing significantly to the production.
Fishing Industry: Centered around Lake Albert, offering potential for economic growth.
Diverse Economic Activities: Includes informal sectors like retail, market vending, healthcare, carpentry, and vehicle repair.

Impact of Petroleum Discovery:

The discovery of petroleum has transformed the economic landscape, enhancing both farm and non-farm value chains.
Planned infrastructure projects under the National Development Plan II (NDPII) are set to stimulate further economic activity.

Infrastructure and Connectivity:

Robust road infrastructure, including the Kampala–Hoima Road, enhances connectivity.
Extensive communications network, mobile coverage, and internet access are available.
Development of Hoima Airport and the introduction of engine-thrust ships on Lake Albert.

Energy and Resource Development:

Muzizi mini Hydro Power Station construction and an oil pipeline project.
Rich in resources like gold, salt, kaolin, and significant oil deposits.
Plans for a refinery in Buseruka Sub-county and a pipeline extending to Tanga, Tanzania.

Tourism and Workforce Potential:

Rich archaeological sites, forest reserves, and wildlife habitats.
Access to trained and affordable manpower, with educational institutions offering diverse training.

Administrative Support for Investors:

Investment-friendly environment with one-stop centers.
District Investment Committees (DICs) facilitate investor processes.

Conclusion:

Hoima City, under the visionary leadership of Mayor Kaboyo, presents a unique opportunity for investors. From agriculture, fishing, to the emerging oil and gas sector, the city is poised for significant economic transformation. With robust infrastructure, a skilled workforce, and a supportive administrative framework, Hoima City is not just a hub for business but a beacon of Uganda’s future prosperity.

Contact for More Information and Summit Registration:

Email: info@hoimacity.go.ug
Phone: +256 367 873 276
Website: Hoima City Official Site

Register for the next Uganda UK Summit: Event Registration

Enhancing Uganda's Economic Growth: Tax Incentives and Investment Opportunities

Summary: “The speaker highlighted the various tax incentives and investment opportunities in Uganda, particularly in strategic sectors like agriculture, education, and tourism. Emphasis was placed on the tax benefits for developing industrial parks and producing for export, encouraging Ugandans in the diaspora to invest back home.”

A Tribute to Uganda's Immigration Team at Entebbe Airport...

“Whenever I pass through Entebbe Airport, I consistently encounter outstanding customer service from the Ugandan immigration team. Their proficiency and professionalism not only ensure a seamless entry process but also splendidly showcase Uganda’s hospitable nature. Such a high standard of service significantly enhances the travel experience for international visitors like myself.”

Remarks by Cllr Ramji Chauhan, Mayor of London Borough of Harrow

Councillor Ramji Chauhan, Mayor of Harrow and the first Uganda-born individual in the role, shared his journey from a Ugandan refugee to UK public servant. Elected in 2010, he’s focused on community service and environmental conservation. He embodies the resilience of Ugandans, contributing significantly to global trade and business.

-Keynote address-

Rt. Hon.

T. Tayebwa

13th annual UK-Uganda Convention

Rt. Hon. Tayebwa conveyed a powerful message about Uganda’s resilience, particularly through the COVID-19 pandemic, highlighting the country’s stable economy and its ability to continue thriving despite closed borders. He assured investors of a secure and conducive environment for investment, referencing Uganda’s remarkable recovery and stability post-independence, and the return of properties to Asians who lost them during tumultuous times.

Gallery 2023

Preview of the 13th Annual UK-Uganda Convention 2023, scheduled for September 8, 2023, in London, hosted at the esteemed Blue Orchid Hotel, London.