50627 Kampala
The Global Competitiveness Report 2009, places Uganda at the 119th position underlining the fact that Uganda’s investment climate leaves a lot to be desired.
This ranking is mostly attributed to infrastructural inefficiency.
The report comes at the back of a 24 high-powered delegations of investors who ended a round table meeting yesterday in Entebbe as they brainstormed on improving the investment climate.
The round table task force is mandated to advise the government on how to make Uganda a competitive investment destination and increase its market share in international, regional, and local markets.
Since its inception in 2004, several priority areas have been identified for reform among which include, ICT, infrastructure, agribusiness, business process outsourcing, agricultural production and value addition among others.
Despite these interventions the process of implementation has not been able to better standards of doing business.
Mr Gideon Badagawa the executive director, Private Sector Foundation Uganda said in an interview recently that challenges of limited access to affordable business finance, a huge skills mismatch in addition to increasing demands on the energy and transport sub sectors; still hamper productivity, growth and enhanced market competitiveness.
“Resolving supply-side constraints is a major priority for the Private Sector in Uganda today. So are the legal and regulatory impediments mainly faced by star-up businesses,” Mr Badagawa said.
Mr Badagawa urges that the cost of doing business in Uganda is still un-competitive compared to the other EAC regional partners.
The Global Competitiveness Report 2009, places Uganda at the 119th position underlining the fact that Uganda’s investment climate leaves a lot to be desired.
This ranking is mostly attributed to infrastructural inefficiency.
The report comes at the back of a 24 high-powered delegations of investors who ended a round table meeting yesterday in Entebbe as they brainstormed on improving the investment climate.
The round table task force is mandated to advise the government on how to make Uganda a competitive investment destination and increase its market share in international, regional, and local markets.
Since its inception in 2004, several priority areas have been identified for reform among which include, ICT, infrastructure, agribusiness, business process outsourcing, agricultural production and value addition among others.
Despite these interventions the process of implementation has not been able to better standards of doing business.
Mr Gideon Badagawa the executive director, Private Sector Foundation Uganda said in an interview recently that challenges of limited access to affordable business finance, a huge skills mismatch in addition to increasing demands on the energy and transport sub sectors; still hamper productivity, growth and enhanced market competitiveness.
“Resolving supply-side constraints is a major priority for the Private Sector in Uganda today. So are the legal and regulatory impediments mainly faced by star-up businesses,” Mr Badagawa said.
Mr Badagawa urges that the cost of doing business in Uganda is still un-competitive compared to the other EAC regional partners.
