Uganda courts US investors at high-level forum in Washington

Washington, D.C. — Uganda has stepped up efforts to attract foreign investment, with senior government officials pitching opportunities at the ongoing Uganda–United States Investment Forum at the Ritz-Carlton Hotel in Washington, D.C.

The forum was officially opened by the Minister of State for General Duties, Henry Musasizi, who underscored Uganda’s ambition to deepen economic ties with American investors.

“It is a pleasure to be here to discuss business, investment and opportunities that would make all of us more prosperous,” Musasizi said in his opening remarks.

He highlighted Uganda’s long-term economic vision, noting that the country aims to expand its economy tenfold by 2040, targeting a Gross Domestic Product of $500 billion. To achieve this, he called for stronger partnerships in investment, trade, tourism, and technology transfer.

Musasizi pointed to a range of high-potential sectors, including agro-industrialisation, tourism, mineral development, science and technology, and infrastructure, describing them as key drivers of Uganda’s future growth.

Uganda’s Permanent Secretary and Secretary to the Treasury, Ramathan Ggoobi, made a strong case for Uganda as a premier investment destination. He told potential investors that the country offers a favorable business climate, citing low macroeconomic risk and high returns on investment.

“Uganda offers peace, easy taxes and a tolerable administration of justice,” Ggoobi said, adding that the country’s climate is also a significant advantage.

He further revealed that Uganda is currently negotiating a new Extended Credit Facility with the International Monetary Fund, while its relationship with the World Bank has been fully restored—developments he said would enhance investor confidence.

Other senior officials at the forum include Attorney General Kiryowa Kiwanuka, who reiterated the government’s commitment to maintaining a conducive investment environment.

Also present are Minister of Science, Technology and Innovation Monica Musenero and Bank of Uganda Governor Michael Atingi-Ego, who are engaging directly with American investors on opportunities in innovation, finance, and economic policy.

The forum is part of Uganda’s broader strategy to strengthen bilateral economic relations with the United States and attract capital to support its ambitious growth agenda.