France has reaffirmed its position as one of Uganda’s leading foreign investor, committing to inject $4 billion (nearly UGX 15 trillion) into various sectors over the next three years.
The pledge, announced under the “Team France” in Uganda initiative, was made by French Ambassador to Uganda, H.E Xavier Sticker while addressing the media. It underscores France’s long-term economic commitment to Uganda, with investments spanning mining, agribusiness, and infrastructure development.
Currently, 40 French companies operate in Uganda, contributing significantly to employment and skills development. These firms support thousands of direct and indirect jobs while providing 46,000 hours of training for Ugandan workers annually. The investment drive aligns with Uganda’s broader goal of attracting foreign direct investment (FDI) to boost industrialization and job creation.
The Franco-Ugandan Chamber of Commerce, launched in July 2024, has grown to include over 70 French and Ugandan businesses, fostering trade partnerships and expanding business services. With the increasing economic collaboration, French business delegations are set to visit Uganda this year, exploring opportunities in various sectors. Key highlights include:
- Mining Sector: French companies will participate in the EU-Uganda Forum on February 13, 2025, seeking investment opportunities in Uganda’s growing minerals industry.
- Water Sector: A delegation of 11 French companies will visit Uganda on February 18-19, 2025, to discuss new projects aimed at improving Uganda’s water infrastructure.
- Agribusiness: Investments in agriculture, facilitated by Business France and BPI France, are planned for the final quarter of 2025 to support value addition and food security.
Ugandan officials are expected to welcome the increased investments, with emphasis on the importance of French partnerships in supporting local enterprise development, technology transfer, and infrastructure growth.
With France committing to long-term economic engagement, Uganda is poised to benefit from enhanced trade ties, new job opportunities, and industrial expansion. The move further cements France’s role as a strategic development partner in Uganda’s economic transformation.
