Uganda - Kam­pala

Tourism Tattler - - BUSINESS & FINANCE -

Uganda is one of the fastest grow­ing economies in Africa, with a GDP growth es­ti­mated at 6.2% in 2017. Yet a small coun­try, Uganda has noth­ing to envy to other African coun­tries; it has more of its fair share of beau­ti­ful land­scapes and wildlife. Af­ter two decades of in­sta­bil­ity, the gov­ern­ment has pri­or­i­tized spend­ing on key sec­tors and fo­cused on fi­nan­cial lib­er­al­iza­tion. Uganda is one of the most eco­nom­i­cally and po­lit­i­cally sta­ble coun­tries in Africa. With an ur­ban growth rate es­ti­mated at 5.2%, Kam­pala gen­er­ates 60% of the GDP of Uganda and the gov­ern­ment aims to make sure that the cap­i­tal will con­tinue to be a key eco­nomic driver and a sus­tain­able fu­ture city. The busi­ness com­mu­nity is very strong in the cap­i­tal and an in­creas­ing num­ber of en­trepreneurs chose Kam­pala to set­tle. How­ever, Kam­pala faces many chal­lenges along the way. In­fra­struc­ture is a key is­sue. Be­ing built on seven hills, the cap­i­tal has no air­port and the road's net­work is very poor, with only one road con­nect­ing the city to the rest of the coun­try; heavy traf­fic is a prob­lem. The gov­ern­ment is work­ing on mul­ti­ple roads in or­der to ease the traf­fic and im­prove ac­ces­si­bil­ity, which is key for tourism. Tourism in the cap­i­tal is driven by cor­po­rate and MICE. Apart from a cou­ple of branded ho­tels, the cap­i­tal does not of­fer much qual­ity ho­tels, lim­it­ing the po­ten­tial growth of tourism in the coun­try. Yet, Carl­son Rezi­dor and Hil­ton an­nounced the open­ing of prop­er­ties in the next few years and the mar­ket is thus likely to ma­ture fur­ther. REVPAR in Kam­pala has in­creased by 6% in 2015 and 2016 mainly boosted by an in­crease in oc­cu­pancy. That re­sulted in an in­crease in value of 6.6%. Uganda, led by Kam­pala, of­fers huge op­por­tu­nity for busi­ness and tourism in the next few years. For de­tailed anal­y­sis visit: http://hvi.hvs.com/mar­ket/africa/Ugan­da_-_Kam­pala

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