Looking for business ideas in Uganda? Here is a guide.
Everyone is trying to start up a business of their own to reduce the load of expenses that keep coming up with daily living.
I must say that with the economic breakdown salaries can no longer handle living generally because there is a constant need that requires money and does not seem to want to go away anytime soon.
Although this only one reason why people go into business because there are so many of them. Whichever reason applies to start a business.
8 Profitable Business Ideas To Start In Uganda
Uganda is a nation endowed with very significant resources that are natural by the way and with these resources it is believed that Uganda can feed the whole of Africa if it commercially farmed but due to some mostly political issues this is seeming to be a very difficult task.
It is on this note that I want to say that despite the economic situation of the country, it is still possible to engage in businesses that are not only profitable but also can help to improve the economy of this promising state.
Therefore I will be giving a few profitable business ideas in Uganda that will help in achieve tremendous change to you as an individual and to the nation at large.
Processing Food
It is shocking to know that food is being imported in Uganda and with the growing population, this is costing the country several million. This one issue that needs immediate attention and you with not so much capital can start a food processing business to help curb this very intense issue.
I see this as a problem and its gravity cannot be overemphasized.
With the growing population and the increase in the demand for quality food, producing food locally is a good business to venture into. You could go into processing foods like grains, fruits, vegetables, etc.
Tourism and Hospitality
Uganda happens to be one of the most visited countries in Africa because annually Uganda host millions of people in its confines. Starting up tourist and hospitality centers could be that break to success and an improved economy.
Because tourists need attractions and accommodation you could decide to venture into the two, I mean tourism and hospitality or pick one of the two depending on the capital available.
So you could build very standard accommodations around tourist centers or manage a tourist center that has accommodation.
Transportation
There is always the need for people to move from one place to another and to do so, a means of transportation is required.
Starting a transportation business either one that does interstate transportation or intrastate depends on the capital available, this also determines how big the business can be, but starting small is also very profitable and it could grow into something very big.
Trading
Most people say that anything sells in Uganda all you need to do is identify what can cater to people’s everyday needs and provide it. With as low as $100 you can start a business like second-hand clothing, foodstuff, fruits and vegetables, book sale, etc.
one reason why trading will be a success is that most things are imported and these things that are imported are on high demand.
Processing Coffee
Uganda exports a lot of coffee and it is said to hold a large share of the country’s economy.
The coffee business is quite lucrative especially when you process quality coffee. This can either be sold within the county or processed mainly for export purposes.
Housing and Estate Construction
Despite its large population, there is a shortage of shelter in Uganda.
There is a high demand for houses and this can be a business you can venture into. Although the Ugandan government has created initiatives to these effects, it is a very lucrative and profitable business in Uganda.
ICT
With the rapid growth in the Ugandan economy, technology is also being accepted and due to this acceptance, there are five million internet uses and thirty-six of one hundred persons have mobile phones.
The internet works in so many ways, beginning and online business is another source of income. Connecting your business to the internet is a boost to that business. You could open up a website that helps promote businesses online.
Giving every registered business under your company a boost helping it grow.
Education
Education in any society is important, thanks to the 21st century and the awareness given to the importance of education. This is why people now see the reason why they should enroll their children in school. Starting an education center that offers good and quality education, Is another profitable business.
Your target should be to provide and quality education to help you attract people who value education which can be the reason why your business can be a boost. What would make you stand out is including unique features