Munyonyo — After four days of dynamic engagements, field visits, and high-level discussions, the 4th Uganda–UAE Business Forum concluded in Munyonyo, reaffirming the growing economic and diplomatic partnership between Uganda and the United Arab Emirates (UAE).
Held under the theme “Unlocking Opportunities, Building Bridges through Trade and Investment,” the forum brought together senior government officials, investors, business leaders, and development partners from both nations. The event explored opportunities in key sectors such as agriculture, tourism, energy, technology, infrastructure, and real estate.
Jointly organised by the Ministry of Foreign Affairs, the Uganda Investment Authority (UIA), and the Uganda Embassy in Abu Dhabi, the forum served as a strategic platform to strengthen bilateral ties and promote mutually beneficial investments.
“From trade to tourism, renewable energy to technology, Uganda is redefining investment in Africa. We thank our UAE partners for their confidence and collaboration. The future is bright,” said Hon. Matia Kasaija, Minister of Finance, Planning and Economic Development.
Kasaija said that from policy reforms to new partnerships, Uganda stands ready for shared growth, innovation and prosperity. “Uganda is open for business.”
Strengthening Bilateral Ties
In his closing remarks, H.E. Zaake Kibedi, Uganda’s Ambassador to the UAE, commended participants for their commitment, noting that the partnership continues to yield tangible results.
Uganda-UAE Business Forum 2025.
“This event marks another milestone in our shared journey. Each year, our partnership grows stronger, attracting more investments and creating new opportunities. Uganda remains open for business, and we are committed to nurturing partnerships that deliver real value for both our nations,” said Ambassador Kibedi.
He revealed that bilateral trade between Uganda and the UAE has expanded from USD 600 million in 2018 to USD 2.85 billion in 2024, with investment inflows from the UAE tripling over the same period.
Uganda’s Economic Outlook
Delivering a keynote address, Mr Ramathan Ggoobi, Permanent Secretary and Secretary to the Treasury, highlighted Uganda’s strong macroeconomic fundamentals and growth potential.
“Our economy is among the fastest-growing in Africa—driven by stable inflation, a resilient currency, and a young, skilled population. Uganda offers some of the highest returns on investment on the continent,” said Mr Ggoobi.
He outlined four key investment pillars—Agriculture, Tourism, Minerals, and Manufacturing (the ATMs)—as engines of transformation that will propel Uganda toward a USD 500 billion economy within the next 15 years.
“We are open, ready, and determined to work with investors who share our vision. Uganda is not just a destination—it is a gateway to Africa’s 800 million consumers,” he added.
Turning Dialogue into Action
Representing the Ministry of Trade, Industry, and Cooperatives, Gen (Rtd) Wilson Mbadi emphasised the importance of translating dialogue into practical investments. “These past days have been filled with vibrant discussions and powerful ideas. What matters now is converting those ideas into lasting partnerships that benefit our people and our economies,” he said.
Cooperatives
During a panel on Facilitating Doing Business in Uganda, Mr Benon Moses Kigenyi, Deputy Executive Director at the Kampala Capital City Authority (KCCA), showcased the city’s ambitious transformation agenda.
“Kampala is evolving into a smart, green, and inclusive city. We welcome investors to partner with us in modern transport, lighting, real estate, and waste management. Together, we’ll shape Africa’s next urban hub,” said Kigenyi.
He added: “As a fast-growing City, Kampala presents enormous investment opportunities in areas of sustainable transport solutions, infrastructure development, including urban housing, public health, Education, among others.”
signature on the live painting art-piece in commemoration of the Uganda-UAE Business Forum 2025
He revealed that KCCA’s Integrated Urban Development Master Plan, valued at USD 3 billion, offers a roadmap for private sector participation in sustainable urban growth.
Promoting Economic Diplomacy
In his closing address on behalf of the Minister of Foreign Affairs, Ambassador Charles Sentongo, Head of Protocol, underscored the expanding role of Uganda’s missions abroad in promoting economic diplomacy.
“Our missions are not only about protocol—they are about progress. They identify opportunities for trade, investment, and partnerships that advance our national interests and connect Ugandans to the global economy,” said Ambassador Sentongo.
He encouraged Ugandans in the diaspora to engage with embassies and consulates for business facilitation, documentation, and consular support, assuring that the Ministry remains committed to responsive and investor-focused service delivery.
Forum Highlights
Over the four days, the forum achieved notable milestones: signing of multiple Memoranda of Understanding (MoUs) between Ugandan and UAE companies in innovation, technology transfer, renewable energy, and infrastructure; investment commitments in Kampala’s Smart City program, energy-efficient transport, and real estate; over 120 companies and agencies engaged in B2B and B2G sessions and renewed pledges by Ugandan institutions to ease doing business and streamline investment processes.
The next edition of the Uganda–UAE Business Forum will focus on innovation, climate-smart investment, and youth enterprise development, signalling a future of deeper cooperation between the two nations.
