The Independent (Kampala)

2 January 2014

Uganda: Business in 2014

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Airtel and MTN will want to fight off the beguiling smiles of the new operator by making the tariffs more affordable in an effort to retain their customers. If or not however, the new competition will lead to better quality of services is what will remain to be seen.

Real estate:

The slowdown in the real estate industry is expected to ease in 2014. However, Ugandans should expect the price of building materials to be anything but low as it has been for most of 2013. As the demand spikes thanks to the several large-scale infrastructure projects that will see a marked increase in construction activity, the prices of cement, iron bars, steel and other building materials are expected to rise sharply.

While this will affect the rate of growth in the construction of new commercial rental space, it will mean the prevailing surplus in the rental space market will be cleared up. Consequently, a resultant rise in the cost of commercial rental space especially in Kampala city should be expected.


A boom is expected in new foreign direct and local investment particularly in agro processing and the oil industry. Following CNOOC, which got its production licence several weeks ago, Tullow will most certainly get its own production licences ahead of Total, which is also expected to get the same later in the year.

The activity in this sector is expected to attract more investors in the industry. All in all, 2014 is expected to be the year when the stage will be set for a decade of tremendous opportunities for the business sector. Happy New Year!

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