The Business End
INEVITABLY, EVOLVING AT such speed comes with its challenges from an infrastructural perspective, but the offshoots have for the most part been positive.
Numerous industries have been forced to adapt and to expand in order to cope with the rising interest in the city, and once their gambles are repaid, they can then reinvest in even more concerted development; ultimately generating an evolutionary cycle conducive to sustainable stability.
For sectors across hospitality, food & drink, retail and leisure, the advantages are obvious and the clientele is forthcoming from all corners of both Uganda and overseas, but perhaps more importantly is the country’s ability to renovate more traditional industries integral to the overall prosperity of Uganda.
Efforts have been underway for the past few years to relocate its heavy industry to the Kampala Business and Industrial Park just outside of the city centre, capitalising on the manufacturing, construction, mining and logistics potential within the country. And then, as you edge nearer to Kampala’s core, then realms of finance, technology, travel and the services become more prevalent.
And then of course comes the SME segment of the market that, perhaps more than anyone, is benefiting from the influx of business travellers and tourists. Numerous start-ups, small business owners and indigenous markets serve as an indictment of the Ugandan culture people are enjoying so much at present, while also providing a nearby, immediate respite from office blocks and meetings that might dominate your core activities during your trip.
Arguably though, the most significant sector, and biggest beneficiary of all is the hospitality domain. Hotels, hostels, lodges, apartments and Airbnb are now locked in a tussle for business where almost no-one can lose; and no other snapshot sums up Kampala’s development better than that, as the Uganda Hotel Owners Association explains.