Uganda needs investment from the United Arab Emirates in water transport, mineral processing and affordable credit to reach its goal of a 500 billion dollar economy, Investment Minister Evelyn Anite said on Tuesday at a business forum in Kampala. The UAE has invested 3.5 billion dollars in the country through hospitality, oil, and manufacturing projects, as bilateral trade reached 2.85 billion dollars by September 2025.
Anite asked UAE firms to upgrade ports and buy vessels for Lakes Victoria, Kyoga and Albert to reduce freight costs and position Uganda as a regional trade gateway. She said access to low-cost financing remains the biggest barrier for local businesses that face interest rates near 12 percent, while competitors in other...