Investors Bullish on Uganda's Economy During New Presidential Term

Uganda is poised for economic growth as investors express renewed confidence following President Yoweri Museveni’s swearing-in for his seventh term, spanning 2026 to 2031. The presidential election in January 2026 saw a decisive victory for Museveni.

Both local and foreign investors have committed to escalating their investments, enhancing the value addition to Uganda’s raw materials, and significantly boosting job creation. This sentiment was echoed by prominent business leaders.

Amos Nzeyi, Executive Chairman of Crown Beverages, commended the National Resistance Movement government for fostering a business-friendly environment. He noted that this conducive atmosphere has driven economic transformation, industrialization, and employment opportunities for the youth, contributing positively to national income.

The Indian Business Association’s Board of Trustees also issued a statement praising President Museveni’s leadership and reaffirming their commitment to investment and job creation. They pledged to continue supporting Uganda’s development through investment and philanthropic activities, focusing on areas like healthcare for vulnerable populations.

Ashish Monpara, Chairman of Modern Group, highlighted the new presidential term as a critical period for strengthening institutions, empowering the youth, and expanding industrialization. He believes Uganda has the potential to become a major African economic success story with the right leadership and long-term vision.

Monpara’s group is dedicated to supporting the government’s industrialization goals, emphasizing the crucial role of peace and stability in attracting and sustaining investment. “As a key investor in Uganda who greatly values the ongoing peace and stability, I am committed to supporting the country’s vision of transforming through industrialization and the creation of jobs,” he stated.

In his inaugural address, President Museveni outlined key investment priorities including commercial agriculture, manufacturing, services, and ICT, while vowing to tackle corruption and enhance productivity.

Source: Uganda Investment Authority