Permanent Secretary and Secretary to the Treasury (PSST) Ramathan Ggoobi has urged Turkish investors to explore Uganda’s growing investment opportunities, citing a stable economy, robust growth, and a liberal business environment.
While on a visit to Turkey, Ggoobi addressed members of the Ankara Chamber of Commerce, encouraging them to tap into Uganda’s priority sectors. He was accompanied by Uganda’s Ambassador to Turkey, Nusura Tiperu.
“Uganda offers one of the most conducive environments for investment in Africa,” Ggoobi told Turkish business leaders during a meeting with Ankara Chamber Board Chairman Gürsel Baran and his team.
He emphasized that Uganda’s macroeconomic stability, resilient currency, skilled labour force, and fully liberalized economy make it an attractive destination for both investors and tourists. The country allows 100% profit repatriation, a major incentive for foreign investors.
Ggoobi also outlined Uganda’s ambitious goal of growing its economy tenfold to USD 500 billion by 2040. He identified four key investment areas, summarized as ATMS—Agro-industrial development, Tourism, Mineral-based industries (including oil and gas), and Science, Technology and Innovation, including ICT and the creative sector.
The visit aimed to deepen bilateral economic ties and position Uganda as a strategic investment hub in Africa.
