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Uganda

Uganda.gifThe Hub's accomplishments in Uganda to Date:  

  • To date the Hub has supported 116 firms and associations to increase their export competitiveness
  • 17 firms have been supported to participate in various trade shows resulting in 54 business linkages
  • Hub facilitated AGOA exports as at June 30 2017 stood at $346,171
  • Exports to other market destinations as a result of Hub support are $20,200
  • Due to the expanding export opportunities, 378 new full time equivalent (FTE) jobs have been created, 96% of which are for women
  • Facilitated $5,798,280 new private sector investments
  • Supported 1 firm to attain international export certification standards

Related Blogs and Resources

Private equity firms in East Africa

Published on February 13, 2019
Fifty three offices established by private equity and venture capital companies in the East African Community (EAC) countries which comprises a cumulative minimum value of at least $5.8 billion USD under management for investments throughout the world including in East Africa.  This is according to “The Map of Private Equity Firms” based in Sub-Saharan Africa by Africa’s leading private company research firm, Asoko Insight from December 2018. Read more. Source | The Exchange
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Improving Early Stage Investor Engagement in East Africa

Published on February 13, 2019
Africa is the youngest continent in the world with almost 200 million people aged 15-24, and this number is expected to double by 2045. However, unemployment among East African youth is already high, at an estimated 51-57%. With a rising youth population and unemployment rate, young people are turning to entrepreneurship as both a means to generating income and jobs. 79 of every 100 jobs created by young entrepreneurs in East Africa have been for youth aged 18-34, however only 17% of entrepreneurs on the continent believe they will create a medium to high number of jobs over the next five years. Read more. Source| The Exchange
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PSF urges regional MPs to back business friendly policies

Published on February 05, 2019
Rwanda’s Private Sector Federation (PSF) has challenged regional legislators to increase their advocacy for policies designated to eliminate trade barriers, which continue to undermine regional integration. Officials from the umbrella of Rwandan business community were yesterday meeting members of the East African Legislative Assembly (EALA) who are undertaking an outreach programme in partner states. Read more. Source | New Times
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Our new models will help regional businesses grow their networks

Published on January 30, 2019
The chief executive of the East African Business Council Peter Mathuki spoke with Patty Magubira on the region’s economic prospects for 2019. With regards to challenges the East Africa Community faced in 2018, he outlined that most of them were  compounded by protectionist approaches that hindered trade within the East African Community. "EAC intra-trade stood at only 20 per cent of the total, compared with 46 per cent in the Southern African Development Community, and 67 per cent in the European Union. We have partly implemented the Common Market Protocol, which helped the EAC become the fastest growing regional economic bloc," he said. Read more. Source | East African
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Uganda ranked third in ease of foreign exchange access

Published on January 24, 2019
Absa, which currently owns the Barclays Africa franchise, has rated Uganda among countries with the easiest access to foreign exchange. Uganda was rated third among 20 countries that were surveyed in the Absa Africa Financial Markets Index, 2018. The country scored 83 out of a possible 100. Market liberalisation, according to the report, has opened Uganda to open participation thus easing accesses to the foreign exchange space. Read more. Source | Daily Monitor
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USAID Hub AGOA video roundoup

Published on October 11, 2018
The USAID Hub creates videos to showcase East African firm capabilities and development outcomes, with a focus on African Growth and Opportunity Act (AGOA) sourcing opportunities. For a roundup of our apparel and coffee sourcing videos, click here.
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PS stresses on 24/7 operations at border posts

Published on September 06, 2018
Public offices operating in border posts countrywide must operate for 24 hours every day to ensure smooth movement of goods and products, the Permanent Secretary in the Ministry of Industry, Trade and Investment Prof Joseph Buchweishaija has said. Prof Bushweishaija noted that the government would like to see directive for the 24 hours operation at the border posts is enforced to enhance efficiency in cross-border trade. Read more.Source | Daily News
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Four standards created to promote shea nut exports

Published on August 08, 2018
Uganda’s effort to grow shea nut as an export commodity have been boosted by four new standards that will be used at the local, regional and international market. The cosmetics standards that have been developed by Uganda National Bureau of Standards and Uganda Export Promotions Board (UEPB)include pure shea nut butter cosmetics (DUS 1931:2017), lip balm (DUS 1932: 2017); lip shine (DUS 1933: 2017) and after shave (DUS 1934:2017) plus the already developed shea nut butter food products standards. Read more. Source | Daily Monitor
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