Both domestic and international investors have expressed increased optimism in Uganda’s economy as the new 2026-2031 presidential term starts.
President Yoweri Museveni was on 12 May 2026 sworn in for his seventh five-year presidential term following his landslide win in the January 2026 presidential election.
Investors, who spoke to the Daily Monitor newspaper, pledged to invest even more, boost value addition to local raw materials, and create jobs.
Amos Nzeyi, the Executive Chairman of Crown Beverages, makers of Pepsi products, hailed President Museveni and the National Resistance Movement government for creating a conducive environment for businesses to thrive in the country.
“We in the private sector appreciate the NRM government for the conducive environment that has enabled economic transformation and growth that has greatly promoted industrialization and created jobs for young people, as well as contributed to national income”, said Nzeyi.
In a statement, the Board of Trustees of the Indian Business Association praised President Museveni for his wise leadership and pledged continued support towards investment and job creation in Uganda.
The statement read: “Under your able leadership, the Indian Association shall continue to foster investment in the country to provide employment opportunities. We are sure with your guidance and support, our philanthropic activities shall further uplift the less fortunate Ugandans who need love, care, medical assistance, particularly infants with congenital heart diseases, blood donation, and medical camps”.
Ashish Monpara, the Chairman of Modern Group, which operates 10 factories, said the new presidential term presents a good opportunity for Uganda to strengthen institutions, empower young people, and expand industrialization.
Said Monpara: “This is the time to build lasting institutions, empower the youth, strengthen industry, attract investment, and unite the country with vision and stability”.
Monpara said Uganda has the opportunity to become one of Africa’s great economic success stories, noting that the country, if led with courage, wisdom, and long-term thinking, would transform significantly.
He said his group of companies is committed to supporting the government in realizing its industrialization agenda, citing peace and stability as key for investment.
“As a key investor in Uganda who greatly values the ongoing peace and stability, I am committed to supporting the country’s vision of transforming through industrialization and the creation of jobs”, said Monpara.
In his inaugural speech, President Museveni outlined key priorities for investment: commercial agriculture, manufacturing, services, and ICT, adding that the new presidency is of “no sleep and no corruption”.
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