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.

Africa As A Land Of Opportunity

modern-farming-africaThe primitive continent of Africa, unexplored by foreign investors, was labeled as an under-developed country and didn’t attract much attention of the outside world for many years. It was considered a land with limited resources, often struck with drought and epidemics and its only redeeming feature was the wide range of wildlife it had. But now things have changed and Africa is a place of attraction for foreign investors.  The oil and gas reserves located in many African countries like Sudan, Algeria, Nigeria, Tunisia, Egypt, Angola and Chad have enthralled the foreign excavators and investors recently. And this recent development in the African Continent has resulted in a need for professional certified translation services.

The African economy has seen a boom in the last few years. This is due to a number of reasons. Not only new reserves have been found in Africa, which have created many job opportunities for the local public but the agricultural sector of Africa is also growing rapidly. Agriculture is the backbone of any country and with 600 million hectares of land, Africa can not only fulfill the food requirements of its own population but can also export the food produce to other countries as well, if the region could be improved technologically. New farming methods can increase the arable area. Here also, the African farmer needs to be given proper guidance and new farm equipment needs to be introduced. The heavy farm equipment could be utilized in a better way if their manuals are translated in Arabic, French and Portuguese which are the official languages of most of the African countries. For this purpose more Arabic translators, French translators and Portuguese translators are required. For developing countries, agriculture promises a flourishing economy, plenty of food for people, a high foreign exchange reserve and demand of other goods and services with the passage of time.

africa-biofuelsThe African people are more aware than the past years. The African governments are interested in attracting more foreign investors. They have become more accepting of the changing times and the African man is more business-oriented than he ever was. More African men are investing in projects starting in their own countries. According to a rough estimate, six out of every ten investors in Africa are African. It shows that the Africans are investing more in their countries as compared to the foreign investors. A high internal investment rate consequentially brings more foreign investors as their faith in the country’s economic stability strengthens.

Agriculture done by modern methods is a type of business, often referred to as “agribusiness.” It requires a deep study of the climatic, geographical and economic factors of a particular region. Good agricultural produce is based on a few factors, namely, favorable weather conditions, the land’s proximity to water reserves, and the amount of money required to be invested for better production. The African countries need more skilled labor and still the literacy  rate is far lower than the required rate. Here also the local population can be trained and educated with the help of foreign educators with the help of translators/interpreters.

Things have changed over the past few years and Africa is no more an under-developed region. It is developing and modernizing with the passage of time. The new investment opportunities and the discovery of oil and gas reserves have created plenty of jobs for translators and foreign investors can hire the services of professional Portuguese and French translators with the help of translation service companies like the Chinese translation services company and the Miami translation services company.