Australian Investors Urged  to Tap into Uganda's Fast-Growing Economy as Bilateral Ties Hit 60 Years

By Andrew Victor Mawanda Naimanye | Tuesday, November 25, 2025
Australian Investors Urged  to Tap into Uganda's Fast-Growing Economy as Bilateral Ties Hit 60 Years

Uganda has positioned itself as Africa’s prime investment destination, calling on Australian investors to take advantage of the country’s fast-growing economy and favorable business environment.

Speaking at the celebration marking 60 years of diplomatic relations between Australia and Uganda in Kampala on Sunday, The Minister of State for Privatization and Investment, Evelyn Anite, emphasized the maturity and strength of the bilateral relationship, now transitioning toward investment-led cooperation.

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“You can't celebrate 60 years if the foundation is weak. Uganda and Australia built a very strong foundation, and that is why we are still and will continue beyond 60 years,” said Anite, highlighting the historic friendship as a platform for commercial engagement.

The celebrations, which drew government officials, diplomats, entrepreneurs, civil society representatives, and development partners, focused on reflecting on historical ties, strengthening development cooperation, and renewing commitments to investment and trade.

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Anite emphasized Uganda’s economic credentials, including a 7 percent growth rate, political stability, and a young, skilled workforce, as key factors making the country an attractive destination for foreign investment.

“Our economy is growing at a rate of 7 percent. There is no economy in the whole of East Africa that is growing at this rate, and we are the most peaceful in the entire region,” Anite said.

She further pledged government support to Australian businesses, saying, “We will support your businesses, buy your products, and provide peace and security for investment. Export your rich people here; we want them to come and join us in building our economy.”

The Australia High Commissioner to Uganda, Jenny Da Rin, reaffirmed the strength of the bilateral partnership, describing it as grounded in shared values, historical ties, and mutual aspirations for peace and prosperity. She highlighted the milestones since Australia established diplomatic relations with Uganda in 1965.

“Although separated by the vast Ocean, the bonds were nonetheless strong—grounded in the relationship built between our people. Bonds forged through service to our countries,” said Da Rin. She noted that Australian companies are increasingly investing in sectors such as mining, tourism, agriculture, and engineering services.

During the ceremony, David Mpanga was appointed as the new Honorary Consul of Australia in Uganda. Mpanga pledged to further strengthen economic, cultural, and political cooperation between the two countries and build on the legacy of his predecessor, Patrick Bitature.

“I take up this role at a time when bilateral relations have matured. My commitment is to deepen it further for the mutual benefit of our people,” Mpanga said.

The event highlighted Uganda’s shift from traditional diplomacy to “commercial diplomacy,” focusing on practical engagement in business, trade, and investment—reflecting the country’s ambition to attract strategic international partnerships.

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