Booking deadline: 5 May 2014 Material deadline: 7 May 2014 Publication date: 26 May 2014
THE ESSENTIAL REFERENCE IN AFRICAN AFFAIRS
61 June
n°
FOCUS
UGANDA
Managing expectations
issue – Out 26 May
FRONTLINE
BRAZIL - AFRICA Deepening South‐ Deepening South‐South business relations
• PEOPLE TO WATCH: The movers and shakers of • Overview Planners forecast that the next two decades will bring an economic revolution of sorts as Uganda’s promising future revenue from resources reverberates through the • AGRIBUSINESS: Growing Kampala’s coffee country. The National Vision 2040, unveiled in 2012, is culture. A concerted marketing strategy and an ambitious plan to transform Uganda’s economy. investment in local processing are two ways Uganda Backed by the expectation of steady oil revenue and a can boost demand for its coffee abroad, and revitalised agro‐industrial sector leading to an average achieve its goal of more than doubling exports by growth rate of 8.2%, Vision 2040 forecasts that per 2015. capita income will rise from $500 to $9,500, while the • POWER, OIL & EXTRACTIVE INDUSTRIES: country will acquire middle‐income status by 2017. Emerging oil producer with 2,5 Bn barrels estimated • Geopolitics China’s willingness to take on more of in Albertine Basin. The two largest commitments the risks associated with Uganda’s resource have come from Sinohydro and CNOOC. Sinohydro management ambitions. As it awaits the coming has started preparing the ground for the resource boom, Uganda has hitched its wagon to this construction of a $2.2bn hydro electric dam at idea of regional integration. Between 2005 and 2010, Karuma with a capacity to produce 600MW. CNOOC as regional trade expanded from$2.2bn to $4.1bn, will spend $2bn getting Lake Albert’s Kingfisher field Uganda’s share of total regional trade grew to 22%. into production over the next 4 years. A third project involves Tibet‐Hima, a consortium of • Economy The current account deficit is about 10‐ Chinese investors, which has won the bid to revive 14% of the country’s GDP. In reducing the current copper production at Kilembe, the country’s largest account deficit, Uganda’s window of hope will be through FDI and export earnings. FDI reached a record mine. $1.7bn in 2012. it will boost Uganda’s GDP growth to • TOURISM: How to promote the Albertine Rift, and the average 7%. Uganda is virtually debt free, first the Bwindi Impenetrable Forest. country to be eligible for the HIPC initiative.
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