Informal Cross Border Trade (ICBT) is a crucial driver of economic growth and poverty reduction in developing economies, including Uganda. It provides significant income and employment opportunities for the poor and vulnerable groups, especially low-income and unskilled youth, and women in border districts, who often operate outside the…
The Ministry of Finance, Planning and Economic Development (MoFPED) notes that Foreign Direct Investment (FDI) inflows into Uganda grew from $1.36billion in April 2022 to $1.5 billion for the year ending April 2023. FDI contributes over 4% of Uganda’s gross domestic product (GDP), according to the World Bank.…
As at April 2023, 54 African Union states had signed the African Continental Free Trade Area (AfCFTA) agreement. At least 46 of these are already state parties. The AfCTA is one of the flagship projects of Agenda 2063: The Africa We Want. It is an ambitious trade agreement,…