The Permanent Secretary and Secretary to the Treasury (PSST), Ramathan Ggoobi, has confidently assured investors from the United Arab Emirates (UAE) of significant returns on investment in Uganda, pitching an average return on investment (RoI) of 14% and a high return on equity (RoE) of 30% for listed companies.
Ggoobi made the compelling pitch on Wednesday as he "wooed" the investors at the ongoing 4th Uganda-UAE Business Forum 2025, a three-day event hosted at Munyonyo, Kampala.
Emphasising the country's economic stability, the PSST stated that the "macroeconomy is stable and well managed," and further underlined the government's commitment, asserting that the "Government of Uganda is pro private sector and provides generous incentives to investors."
He backed this with a firm assurance of government support: "Our pledge to you is that we shall do whatever is necessary to facilitate your investment," Ggoobi stated.
Highlighting Uganda's robust performance, the PSST noted that the economy grew at 6.3% in the Financial Year (FY) 2024/25, with projections indicating further acceleration to 7% in FY 2025/26 and in the medium term. The size of Uganda's economy now stands at an impressive USD 61.3 billion.
Ggoobi outlined an ambitious growth trajectory, explaining that the National Development Plan 4 is "anchored on the Tenfold Growth Strategy with the goal of growing the economy to USD 500 billion in the next 15 years."
He called upon the UAE investors to seize the various opportunities available within the four growth areas: ATMS and the Enablers.
Addressing concerns about financial stability, the PSST assured the investors that the Ugandan Shilling is "the most stable currency in Africa," adding that inflation is also well-managed, remaining "stable and below the target of 5%."
On trade, Ggoobi reported that Uganda's exports for the last year were worth USD 13.4 billion, resulting in a balance of payments (BoP) surplus of USD 1 billion, with Gold and Coffee identified as the nation's leading exports.
He concluded his remarks by noting that Foreign Direct Investment (FDI) inflows during FY 2024/25 stood at USD 3.7 billion and are projected to grow, while Tourism receipts stood at USD 1.5 billion, which is also forecast
