Uganda invites Pakistani investors with 10-year tax holiday

According to The Express Tribune, Uganda has invited Pakistani businesspeople to look at its agriculture, mining, energy and tourism sectors, offering tax incentives for new projects. The invitation came from Ambassador Matata Twaha, Charge d'Affaires of Uganda, who spoke at a business meeting held at the Islamabad Chamber of Commerce and Industry on Saturday. He said Uganda was ready to help Pakistani entrepreneurs find opportunities and set up direct trade links.

Twaha proposed that a Pakistani business delegation travel to Uganda in October for a week-long forum and farm tours focused on tea, coffee, cocoa and cotton. He also suggested a chamber-to-chamber mechanism with the Uganda Chamber of Commerce, plus a first bilateral trade fair in Islamabad or Kampala. The fair would display goods and bring sellers, buyers and backers into contact.

Deputy High Commissioner Bilal Mohsin said Uganda offers a 10-year tax holiday. Investors in greenfield projects can also obtain incentives that stretch up to 25 years. ICCI President Sardar Tahir Mehmood named rice, pharmaceuticals, textiles and engineering products as promising Pakistani exports, while Uganda, in return, could provide coffee, tea and cotton.