Doing Business in Uganda

ugandaUganda, an East African country has developed good political relations with China. It has a promising environment for foreign investors. The Ugandan people have invested in every sector, making the environment conducive for foreign companies and trade partners by consistent efforts.

Uganda’s leading development partners are United States and China, the two great world economies. The China-Uganda bilateral trade has witnessed a growth of 35 percent, as a result of the duty free policy introduced by China on the Ugandan goods that enter its market. This trade has reached $538 million dollars due to this duty free policy implemented by China. Over a period of ten years, 310 Chinese companies planned their investments of millions of dollars, creating more than 30,000 jobs for the Ugandans. Each year 40 or more Chinese companies register in Uganda, offering investments of millions of dollars. This trade relationship has arisen the need of Chinese translators in Uganda.

United States has also maintained cordial relationships with Uganda after several years of strained relationships with the country. United States is investing in the health, education and agriculture sectors of Uganda to eradicate poverty from the country. But the infrastructure in the country needs to be improved too.

The Ugandans have laid the foundations of some exemplary enterprises like the Divine Master Limited  which works with around 12,000 farmer families and is involved in the growth and production of soya beans, maize and rice. Entrepreneurs of services like Ffene are providing software for businessmen. The Company also won a prize of $10,000 for winning the Apps4Africa 2012 challenge. The country has been investing in water transportation, energy, oil and gas field exploration and in pharmaceutics. The oil deposits of Uganda have proved to be a 40% higher than the estimated reserves and out of 77 drilled oil wells, 70 have been reported having oil and gas reserves. This shows that the country has a supply of oil and gas reserves and more exploration might prove fruitful in this regard.

With more foreign investors considering to invest in Uganda, the country has opportunities to earn for translators as well. Hiring translators through reputed translation service companies is the best bet. Chicago translation services company and New York translation services company are among a few such companies rendering good services.

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