Investing money is a great source of making passive income. There are many investment opportunities in Uganda, but, we are going to discuss where to invest money in Uganda.
If you are thinking about investing in a profitable business in Uganda but don’t know which business to choose to
earn extra money, here is a list of the most lucrative businesses in Uganda.
This list of hot business ideas in Uganda is made up of effective, time tested business ideas that guarantee you will get a high return on investment. These ideas are carefully selected out of numerous ideas that will surely help you to make a profit. Each of these businesses is relevant and up to date in Uganda.
One more thing to say here is that you need to make your own research before you use any of the financial investment
opportunities in Uganda.
So, let’s begin with looking at some investing business ideas in Uganda both for wealthy investors and those with little capital.
Best Business Opportunities In Uganda For Investment
How and where to invest money in Uganda with little capital:
We will start with the investment opportunities for those who have little capital but still want to make an investment to get income.
1. Bank Investment:
Every bank gives a possibility to create a savings account that allows to save and spend less. This is quite an attractive way to invest your money under the condition that your bank is reliable. Most African banks help entrepreneurs, employees, students, and others to save money paying them 10-15% annual interest.
To start making money on savings from the bank you chose, create your account at your bank’s website, enter your bank details, and add a bank card. You will start earning the very same moment you create an account, and the whole process takes place online. So, you don’t have to make a visit to the bank.
2. Investing Into Government Savings Bonds:
The Government Uganda offers to Ugandans a great investment opportunity called Savings Bonds. This investment programme is known to significantly contribute to the national growth of the country. By lending money to the government, average Ugandans are able to make money by earning interest on savings.
Note that the interest rate depends on the timeframe you choose and it is paid twice a year. The savings bonds interest can reach up to 13% which is even more than interest in a Ugandan commercial bank.
In addition, this investment is tax-free, and the money you save can be used as collateral if you need to get a loan from another commercial bank. Another reason why you should invest your savings into this Savings Bond is that it is a very reliable, safe and worthy opportunity as Ugandan government is not planning to collapse, at least, in the nearest future.
Where to invest your money in Uganda to make a fortune?
The following ideas can help you to make a real fortune if you invest wisely. However, we advise you to study the field of investment thoroughly before you decide to invest your money:
It is known that cryptocurrency is one of the biggest and riskiest investment opportunities in Uganda and around the world. The good thing about cryptocurrency is that you can make quick money if you know how the system works. Buying cryptocurrencies like Bitcoin, Ethereum, Litecoin, Altcoin, XRP, and others is a high yield investment opportunity to use if you have already got some extra cash. Make sure you contact a professional who can give you a hand with getting a proper knowledge of blockchain and cryptocurrencies.
Gold is perceived as a symbol of power and affluence. Some say that investing in gold is the best investment in Uganda.
Investing in this precious metal can help you to make a lot of money as gold’s value never falls because of the incredible importance attached to it. 15 karat gold will still always be 15 karat gold, but its worth will definitely increase over that period. There are a few types of gold items to invest in including gold jewelry, bars, coins, bullions, gold-plated items. If you store them for some period of time, for example, 10 years, you’ll be amazed at the return on your investment.
Another option is to buy and sell gold items, however, you need to learn the basics of doing gold business in Uganda. You must learn how to measure, weigh and value them. You need also learn how to see if you have a real gold product or counterfeit.
Stocks are the best investment in Uganda for those who are able to invest a big capital. However, both individuals and companies can easily lose their money if the deal doesn’t go well. Many people lost money in the 2008 New York Stock Exchange crash. In the decade after this collapse, we can see a total recovery of the stock market. “Stocks in emerging markets have had a rough year — but that could change considerably next year” , Morgan Stanley , the US financial holding company, reported in its Global Strategy Outlook report.
When you buy shares, you need to make sure you do everything right. To cash out big in stocks investments, you need to develop your own winning system, conduct research before investing in stocks, and choose a quality stock. The thing is investing in stocks can help you get an incredibly high return which also comes in dividends and bonuses.
One more reason to invest in stocks is that stocks are very liquid and come extremely handy in times of emergency.
4. Real Estate:
Compared to other ways of investing money in Uganda, investing in real estate is one of the most profitable investment ideas, but it requires possessing high capital. Buying properties in Uganda is one of the surest investments one can make because Uganda is a developing country.
When investing in real estate, take into account which city or town the property you are going to buy is located. If you
want to get a quick and high return on the property investment, you may consider major cities.
After you buy the land, wait for a while and start selling it. You can also build on this piece of land such kinds of properties like hotels, apartment houses, hostels, shopping malls, events and conference halls and other. Rather than saving money on the bank account, invest them in real estate business. Many people in Uganda face accommodation problems. They cannot purchase a house because there is none within the preferred location.
This statistics shows that there is an immediate need for
residential and commercial buildings in Uganda, especially, in large cities.
You may be surprised but agriculture in Uganda is one of the sectors that gave birth to the whole set of millionaires.
Given the fact that the government continues to drive agriculture in order to diversify the economy, it is an attractive area for investors. Besides, most people on the African continent lives in rural areas, so African countries will keep a finger on the pulse of the agricultural sector.
6. Livestock Farming:
Another top business idea on how to invest in Uganda is farming as food is a necessary means of survival. This industry is supported by the Ugandan government as a way of promoting economic diversification. If you are not interested in direct farming, you can cooperate with a company that makes its profit on farming. Remember to do an investigation of the organisation you are planning to invest in to avoid being shortchanged or scammed.
7. Sachet Water Production:
You might hear that pure water, “nylon water” or “sachet water” production is saturated and it may die off very soon because of the government plan to ban the production of this water to save the environment from destruction. In this case, the possible solution that can help to solve the problem is the establishment of a nylon recycling plant or boost production of bottled water.
8. Oil And Gas Business:
Africa is blessed with huge deposits of gas and oil which means that Ugandans offer the finest business opportunities.
While foreigners are mostly investing money in mining such mineral resources as Oil, Gas, Gold, Coal, Limestone, Bitumen, Iron Ore, and other, Ugandan investors are encouraged to start businesses and make investments into the national economy.
9. Haulage Services/Logistics:
The haulage or trucking business is one of the most profitable businesses in Uganda.
In addition, Africa’s rail transport system is quite poor so far, so to deliver the goods from farms and villages to the marketplace, you will need to transport them through the road.
However, logistics in Uganda is not limited solely to trucking business. You can also haul your containers through the river, lake, sea, etc. Inland waterway transport is another competing sector of the Ugandan logistics industry. Water transportation is not as developed in Uganda as in Italy, Thailand but it is still worth investing. While it is more cost- consuming, it is able to reduce the traffic congestion on the road.
One more option to consider when investing money in Uganda is outsourcing bus services. If you are more interested in lifting humans than goods, this business can possibly help you to make money by investing in providing transportation services to various organizations including schools, NGOs, religious organizations, companies, etc.
Some organizations cannot afford their own transport system, but you can be the one who will be providing the cars or buses as well as the drivers for them. And what is important you will be directly dealing with all these overwhelming tasks, but your money will boost this process.
10. Internet Marketing:
It is known that digital marketing is one of the leading industries. Uganda is trying to catch on with the rest of the world in this sector of the economy. If you are interested in digital and internet technologies, you might find investing in e-services worth your attention. Many internet companies today offer a range of e-services including web hosting, web, and app designing and development, SEO services, digital marketing services, etc.
Uganda’s online presence is known to increase every year. For this reason, online advertisers are highly appreciated in Uganda. Many businesses here are creating online stores to make the massive community of Ugandans acquainted with their products and services. This influx has created a new
promising business opportunity in Uganda, a need for digital marketing experts.
11. Fashion Design:
Ugandans are famous around the world for being trendy. Fashion is a great opportunity to invest in. Not only designers but investors who basically don’t lift a finger are becoming
millionaires. Lately, Ugandan fashion business has survived a revolution which caused a boom in this industry. You can also invest in uniform supply and make money from sewing uniforms for schools, organisations, army, etc.
One more cloth related investment idea is the importation of wears. Used or recycled clothes, shoes, bags, and other items come in handy for many poor Ugandans. This is a fast-growing trend in many African countries as this is a great solution for most of the poor and developing African countries. The used clothes are bought from Italy, France, Dubai, India, China, Hong Kong, etc.
12. Media And Show Biz:
It is a well-known fact that Uganda is the king of entertainment in Africa, mass media and show biz industry here are worth investing huge amounts of money. One of the most lucrative ideas is investing in creating a TV station.
Developing show biz in Uganda is also a great way of investing money. If you want to succeed financially, you can take advantage of investing your money in one of the promising sectors of the economy. Hope you found the above investment business opportunities in Uganda helpful.