With $10,000(Ugsh36,704.3) or less, you can start a very profitable business anywhere in Uganda. With more capital, you can venture into bigger businesses like real estate or property sales and management.
Though there are several business opportunities in Uganda, here are the best sectors for low-income earners to invest in:
Uganda’s Agricultural sector has chosen to import 90 percent of the foods produced and the country spends several millions of dollars annually on food importation alone.
This is an opportunity for businesses that can produce and process foods locally. If you don’t have a fat capital, you can start a small food processing business that offers value-added processed foods like grains, nuts, cereals, fruits, and vegetables.
Due to the rapidly increasing number of new buildings and structures in Uganda, there is a booming demand for construction products and services. With a capital of less than $1000, you can start a business that makes and sells cement blocks or rather start-up your own bricklaying business by utilizing the redundant land in your villages
This is another booming sector in Uganda that investors can explore. With a capital of between $10,000 and $50,000, you can start a real estate business by offering low-cost houses for sale or rent. You don’t necessarily have to offer 5-star hotel apartments.
Tourism and hospitality
Because Uganda plays host to many visitors annually, there are opportunities for investors to make money off these visitors. You can also set up a hotel or motel that gives them a feeling of home even when they are miles away from home. If you have very little capital, you can turn your home or unused space into a bed and breakfast lodge for tourists.
Transport is one thing that people need to engage in every day. This explains why there is a huge demand for transport services. Ugandans today especially the low-income earners are investing more in taxis and boda-bodas.
One just uses his little capital to purchase around two taxis or boda-bodas then distributes them off to his entrusted people who report with earnings on a daily basis.
Written By Erica Nsunjo