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Uganda has for over thirty years opened its economy and instituted reforms to promote both domestic and foreign investment to spur growth in its economy. Uganda is therefore among the countries that attract the highest inflows of FDI with the European Union being among the leading sources of that FDI. The European Union at the same time is an important trading partner for Uganda.
In the year 2017 EU countries supplied to Uganda goods worth US$ 529 million comprising mainly machinery and other manufactured goods. The EU on the other hand was a major destination for Ugandan exports to the tune of US$ 570 million, mostly agricultural products.
In line with the European Commission’s Communication on a new Africa – Europe Alliance for Sustainable Investment and Jobs , the EU and its Member States, in partnership with the Government of Uganda and the Private Sector Foundation Uganda (PSFU), aim at promoting Uganda as an attractive destination for private sector investments in order to spur sustainable economic growth and jobs generation.
A key aspect in this endeavor is to assess, propose and execute measures to make the regulatory and enforcement environment more conducive and to initiate new innovative approaches, which are likely to have an impact in improving the investment climate and the business environment.
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To facilitate the above The Government of Uganda, Private Sector Foundation Uganda (PSFU) and the European Union (EU) have created the Sustainable Business for Uganda Platform (SB4U).
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The EU and its Member States, in partnership with the Government of Uganda and the Private Sector Foundation Uganda (PSFU), aim at promoting Uganda as an attractive destination for private sector investments in order to spur sustainable economic growth and jobs generation.
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