Uganda has intensified its global investment drive, with the Ministry of Finance’s Permanent Secretary and Secretary to the Treasury (PSST), Dr. Ramathan Ggoobi, calling on United Kingdom investors to deepen partnerships with the East African nation by contributing both capital and technical expertise.

Speaking during engagements with investor groups including the Westminster Africa Business Association and the Eastern Africa Association at the Uganda High Commission, London, Dr. Ggoobi emphasized that Uganda is actively seeking “serious and mutually beneficial partnerships” to accelerate its long-term economic transformation agenda.

According to the Ministry of Finance, Uganda is targeting the creation of 500,000 jobs annually over the next five years as part of its broader development strategy aimed at building a $500 billion economy by 2040. The government is positioning this ambition under a “tenfold growth strategy” that relies heavily on foreign investment, skills transfer, and industrial expansion.

In a statement, Dr. Ggoobi said, “We are not simply resource rich; we are investment ready,” highlighting Uganda’s growing appeal as an emerging investment destination. He further noted that the country is endowed with over 30 commercially relevant minerals and is strategically positioning itself within global energy transition value chains.

Key sectors identified for investment include agro-industrialisation, tourism development, minerals development (including oil and gas), as well as science, technology, innovation, ICT, and the creative arts sector. These areas are expected to drive Uganda’s industrialization and export capacity in the coming decades.

The investment engagements were held in London, including at the Palace of Westminster, House of Lords, under a luncheon themed “Opportunities for Growth & Investment,” jointly organized with the Eastern Africa Association and Westminster Africa Business Association.

Uganda’s High Commissioner to the United Kingdom, Nimisha Madhvani, reinforced the country’s investment message, stating that Uganda is at a critical stage of development, supported by a stable macroeconomic environment, a young population, and strategic regional positioning. She added that Uganda is increasingly becoming a gateway to East Africa for global investors.

The government’s outreach reflects a broader effort to attract foreign direct investment and strengthen economic ties with the United Kingdom, as Uganda positions itself as a competitive destination for long-term capital inflows and industrial partnerships.