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UGANDA-KENYA COAST TRADE AND INVESTMENT MISSION TO UGANDA IN JUNE 2025
- Published On: 2025-03-27
This morning, 27th March 2025, Amb. Paul Mukumbya, the Consul General, Uganda Consulate in Mombasa, paid a courtesy call to KEPSA CEO Ms. Carole Kariuki at the KEPSA Offices. He was accompanied by Ms. Doreen Ruyondo, the Minister Counsellor, Uganda High Commission in Nairobi, Ms. Juliet Kiggundu, the First Secretary, Uganda High Commission in Nairobi, and Mr. Moses Mpungu, the First Secretary in Mombasa.
The discussions focused on the High Commission’s ongoing transition from political to economic and commercial diplomacy as Uganda explores avenues to grow its GDP tenfold from the current $55 billion. The country possesses a significant untapped market and trade potential. For instance, the agricultural sector, which contributes approximately 32% of the GDP and employs 72% of the population, produces products such as coffee, with a market size of around USD 1.1 billion, and tea, valued at USD 2.85 billion.
To achieve this, the country is focusing on four investment areas (ATMS):
- Agro-industrialization with increased value addition.
- Tourism development.
- Mineral development.
- Science, technology, and innovation.
The meeting also discussed a potential Uganda-Kenya Coast Trade and Investment Mission to Uganda in June 2025, aimed at identifying trade and investment opportunities in Uganda that benefit both the Kenyan private sector and the Ugandan economy.
The trade mission will also provide a platform for B2B networking with key public and private sector stakeholders, as well as opportunities for learning and information sharing through site visits to industrial parks. It will sensitize Kenyan businesses to existing investment opportunities and incentives, including access to a broader East African Community market, opportunities in the industrial sector, such as mineral value addition, manufacturing, and electricity supply, as well as in the service sector, including tourism. Some of the potential incentives for Kenyan businesses will include tax holidays for the export of finished consumer and capital goods, as well as VAT exemption on raw materials, among others.
Key outcomes of the trade mission will include increased Foreign Direct Investment (FDI) from the Kenyan coast, enhanced exports from Uganda to Kenya, and strengthened joint partnerships and cross-border trade and investment between private sector players from Kenya and Uganda.
KEPSA will provide more details of the trade mission as collaboration and planning with the Uganda High Commission continues. For more information on how to participate, please contact Timothy Odongo at todongo@kepsa.or.ke.