ADVICE | RESPOND | RECOVER

COVID -19

INVESTOR SUPPORT PORTAL

Queries

Submit a query to our business support team

Resources

Access important COVID-19 resources

Economic Support

Grants, Schemes and financial support available

Case Dashboard

Uganda’s response and Covid-19 case updates

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TO THE Business Support team

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Survey of impact of

COVID-19 on investment in Uganda

In April 2020, Uganda Investment Authority initiated an online  survey to determine the impact of Covid-19 on investments and businesses in Uganda. 

The survey aimed at discovering the impact on the workforce, business continuity plans and how the GOU response measures have affected business operations.

UIA Board Chairman Dr. Emely Kugonza reveals the survey findings and the planned mitigation measures .

UIA Acting Director General, Mr Lawrence Byensi shared the findings and next steps

E-conference to share

Status of Investments during the Covid-19 pandemic

On 14th June  2020, Uganda Investment Authority held an  e-conference with various sector players on live on  NTV Uganda  to discuss the “New normal” and possible continuity steps.

Useful Resources

COVID-19 Virtual Business Survival Bootcamp

African Management Institute (AMI) is offering a free online bootcamp to help companies adopt to the new normal. The webinar dates are announced on a rolling basis with focus on Financial Forecasting and Cost Management in an Economic Slowdown. 

Google resources to help improve digital skills for SME's

The internet giant Google has put together a bundle of free online resources to help SME’s improve their digital skills and online presence.

Economic Support Measures

Government & Institutional Measures 

Flexible tax payment terms & extension of filing tax returns

The Uganda Revenue Authority announced various continuity measures including extending the deadlines for filing of returns, accepting installments, waiving penalties etc. URA has durther extended the dealdine to June 2020.

NSSF extends amnesty to businesses

NSSF introduced a 3 months Amnesty to support businesses  and employers facing economic distress as result of the COVID-19 pandemic and subsequent lockdown. The measure involves allowing employers to reschedule their social security contributions for the next three months without accumulating a penalty. This was futher extended to 6 months.

Ministry of Finance Resilence Packages

During the just concluded UIA E-conference, Hon. Evelyn Anite, the State Minister of Finance for Investment and Privatization highlighted that MOFPED  is working on economic resilience packages.

She mentioned that the relief will be channeled through Uganda Development Bank and the Microfinance Support Centre for SMEs.

Bank of Uganda threatens cap on bank interest rates

The Bank of Uganda (BoU) has threatened to cap the interest that commercial banks can charge borrowers, after the industry failed to reduce loan rates in response to cuts in benchmark rates, according to a letter from its governor.

BoU cut its Central Bank Rate by 200 basis points to an all-time low of seven percent between April and June, to try to help jumpstart an economy battered by the impact of the coronavirus.

Tourism sector receives 6M Euros loan from EU

The Ministry of Tourism has negotiated a 6m Euro (25.2 billion) stimulus package from the European Union towards the private tourism sector for post lockdown operations.

This was disclosed by the Accounting officer of the Ministry of Tourism, Doreen Katusiime while interfacing with Members of Parliament on the Public Accounts Committee (PAC) .

 

Uganda Wildlife Authority (UWA) announces Tourism Incentives

Uganda has announced incentives to kick-start tourism recovery amid the COVID-19 pandemic that heavily impacted on the sector 

Uganda Wildlife Authority (UWA), on Thursday announced price cuts, incentives on Gorilla tracking permits and filming fees. 

Call for Applications for Tourism Intervention Fund

Uganda Development Bank (UDB) in partnership with European Union (EU) has allocated an approximate pool of UGX 61.8 Billion (UGX 40Bn UDB loan plus UGX 21.8Bn EU Grant) in form of a grant attached to a loan (also known as ‘facility’) to enable the sector soar through the hardship of COVID19. The facility seeks to stimulate businesses operating in the tourism sector, which has been heavily impacted by COVID-19 by providing a grant and soft loan with flexible terms aligned to the current needs.

Private grants & loans

Grants & loan facilities for businesses from private entities