By David Rupiny

Uganda established official diplomatic relations with France on October 29, 1962, shortly after gaining independence.

The partnership has since expanded – from diplomacy and cultural exchange to deep economic investments, notably TotalEnergies investments in the oil and gas sector.

Here are the thoughts of the French Ambassador to Uganda, H. E. Virginie Leroy, on the state of investment in Uganda:

• French investment in Uganda has reached an unprecedented level and reflects the confidence France has in the country’s economic potential.
• We have around 40 French companies across sectors such as energy, transport, water, health, digital technologies, and services.
• Together, these French companies employ thousands of Ugandans, create opportunities for local suppliers, and contribute to skills transfer and industrial development.
• French companies will invest $4.2 billion between 2024 and 2027, making France one of Uganda’s leading foreign direct investors.
• Uganda has evolved at an impressive pace. Kampala is growing rapidly, as are secondary cities like Mbarara, Arua, Gulu, and Mbale.
• There is greater confidence, stronger entrepreneurial energy and remarkable dynamism among young people.
• New infrastructure is transforming the country and Uganda’s positioning as a regional economic hub, from a landlocked country to a regionally linked economy.
• There has been rapid urbanization, job creation for a fast-growing population, climate change, and access to quality public services, which require long-term investment and innovative solutions.

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