Uganda: A Look to the Future/ Dr. Irit Back

Executive Summary: 

Uganda stands at a pivotal juncture after almost four decades under President Yoweri Museveni's leadership. During his tenure, the country experienced economic growth and liberalization, sustained by the discovery of oil near Lake Albert and abundant natural resources, rendering it increasingly appealing to foreign investment. However, despite these promising prospects, potential investors in Uganda confront significant political and reputational hazards. 

Museveni's authoritarian governance and crackdown on opposition voices, coupled with contentious legislation targeting the LGBTQ community and uncertainties surrounding political succession, cast doubts on the country's stability for investors. 

This paper provides an in-depth examination of Uganda's current political and economic landscape, offering potential investors a thorough understanding of both the promising investment opportunities and the attendant political risks. Additionally, it assesses sectors historically engaged by Israeli firms and identifies potential areas of collaboration and development to foster stronger bilateral ties between Uganda and Israel