Business Openings in Kampala City, Uganda

Kampala-City3

Kampala City, the capital of Uganda is one of the rapidly developing cities of Africa. Its economy is flourishing and its population has stretched to one million. One can now see Kampala as a beautiful landscape of new buildings, roads, malls, apartments and hotels. It is rapidly becoming the best region in East Africa to do business. Managing director of DHL Express Uganda, Asteway Desta says that the discovery of oil in Uganda was what helped kick-start its economy. The first formal oil discovery in Uganda was made in 2006. Twenty oil and gas discoveries have been made in the country since then. The discovery of oil has drawn much foreign investment into the country. A large number of international companies are now investing in Uganda. The country now occupies a critical position in East Africa due to its young workforce and competitiveness.

SMEs (small and medium enterprises) in Uganda are beginning to engage actively in importing. An area known as Kikubo in downtown Kampala is the import center. These SMEs play a main role in the economic development of Uganda. They are becoming the entryway to employment . These small enterprises in Uganda are importing a variety of  bulk items ranging building and industrial materials and equipment to everyday items like shoes and accessories. According to a new report by the United Nations, Uganda has become the favorite port for foreign investors in the region of East Africa. The report also indicates that the greatest foreign investment in 2012 was made in Uganda, mainly in the sectors of oil, gas and mining.

Uganda BusinessThe increasing interest of foreign capitalists in Uganda also creates an opening for translation services. The official language of Uganda is English which is spoken only by educated Ugandans; whereas other widely spoken languages are Ganda or Luganda, Swahili and Arabic. In order to take full advantage of the business opportunities available in the country and to reach out to a maximum number of local people, foreign investors need to hire an efficient and professional translators from reputable translation services companies. Some translation service companies functioning in Uganda at the moment are Chicago Translation Services and New York City translation services. Today, foreign investors still have strong opportunities waiting for them in Uganda.

Sources

http://www.ugandainvest.go.ug/index.php/sme-activities

http://www.monitor.co.ug/News/National/Uganda+favourite+destination+for+foreign+investors++UN+Report/-/688334/1909634/-/j4x0s1/-/index.html

http://www.petroleum.go.ug/page.php?k=curnews&id=12

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’s Loss Of Revenues, Impact On The Global Market And Role Of Translators

african-economic-growthIt should be a matter of concern for the African countries, that they are still exporting raw materials to their export partners, which results in loss of revenues. The local farmers earn little, while the bulk of the profit goes to the rich countries that bring finished products into their stores. Uganda Tea corporation general manager Rogers Siima and Carlos Lopes , the executive secretary of the United Nations Economic Commission for Africa (ECA) talk about the challenges the rising Africa faces as  an industrial revolution hits the Continent.

The recent statistics show that Uganda loses millions of dollars in revenues by exporting raw tea. On the other hand, the rich chocolate-producing countries take away the lion’s share, with only 10% of the money from chocolates going to the cocoa producers in Africa. The chocolates and tea when imported by the African market becomes expensive for the local population to buy, after adding all the packing and shipment costs. With the new oil discoveries in Africa, only crude oil is being exported which is resulting in loss of revenues and the same principal applies on other unfinished exports like coffee, cotton, groundnuts etc. It cannot be denied, that business is flourishing in Africa and new investors are starting up enterprises. Whenever business activity in a region grows, the need for translators and translation services arises.

Arabic, French, Portuguese and Chinese translators are in demand in most of the East African oil producing countries where the foreign investors are coming in hordes. If proper guidance is provided on governmental level, Africa can build the necessary infrastructure for smooth trade with its neighboring countries. Also translation services can play their role in bridging language gaps, so that proper training and aid should be provided to the African countries, for them to export finished products in markets with their own labels.  There should be chocolate-manufacturing and coffee and tea producing factories in Cote d’Ivoire, Ethiopia, Malawi, Zimbabwe, Tanzania, Burundi, Rwanda, Uganda, Mozambique and Zambia. The developed countries also need to step forward and help the African continent improve their manufacturing capabilities. Nigeria as the world’s sixth largest producer of crude oil, should set up plants to refine this crude oil for local consumption.

The shift in the industrial and agricultural environment of Africa has attracted the attention of the world. Foreign as well as local investment in different social sectors has increased over the years. But a lot more is still to be done, to make the region fully developed and progressive. New technology in agriculture sector needs to be introduced, for better results in this arena. Farmers need to be educated and trained. Labor laws should be reformed and training programs, with the help of foreign tutors, should be organized to turn unskilled laborers into skilled ones. All this can only be made possible by interpretation and translation services for effective communication with the African people. As industrialization in the region has become a necessity rather than a “luxury” in the present times.

Impact of Oil Discoveries in Africa and its Resultant Effects on Demand For Language Translators

The process of exploration for oil and gas fields on the African Continent has been going on for decades.  And this process of discovering new oil fields is a continual, ongoing process. Various oil companies in the world have invested millions of dollars in new fields, hoping and aiming for a tenfold return.  The discoveries of new gas fields in Mozambique and Tanzania, not forgetting the hydrocarbon findings in Uganda and Kenya, have raised the interest of oil companies and other energy investors.

Africa used to be an under-developed region, where poverty, hunger and sickness were rife. Epidemics used to spread like wildfire and the UNO, WFO, USAID, and other aid organizations were always engaged in helping these unfortunate people.  Now, the new oil discoveries in Africa are a ray of hope for the people. But a recent study tells us that while the prospects for the African people are not so “bleak” today, most of the inhabitants of this region don’t share the same enthusiasm as some of the companies performing the excavations for oil and the countless other changes taking place on the continent.  A recent interview of a fisherman in Ghana living close to the “Jubilee Oil Field” stated that the people don’t know anything about how increasing global exports are going to improve their standard of living. While there are helicopters in the skies and big ships anchored off shore, the fisherman feels as though the people living on the land need to recognize that it is their land and should be their claim to the resources taken out of it.

The economy of the African Continent will surely experience a “boom” as a result of the present oil discoveries as the oil and gas companies have started taking interest in the barren land of Africa. New investors will bring more job opportunities with them, which will be a beginning of prosperity for the African people.

Even in recent times, the new oil discoveries in Africa have fueled demands for Chinese, Portuguese and French translators. Oil industry workers from various countries are employed on these oil fields, and many of them cannot communicate in a language other than their own mother tongue. This increases the need for French, Chinese, and Portuguese translators. There is a big percentage of people from these countries working in the oil fields of Africa. And communication with their superiors often causes hindrances. These people are unable to understand each other well. In addition, any English speaking employer is unable to understand them.

Therefore, the new oil discoveries in Africa have increased the demand for translators. People who can perform the job of a translator must welcome this opportunity. Portuguese, French and Chinese translators can solve the communication problems of the people working in these oil fields and render the most beneficial services in this regard.