Uganda’s economy bursts into happiness for every new investor 

By Ben Ssebuguzi
When Presidents Yoweri Museveni and William Ruto presided over the ground breaking of Devki Mega Steel plant in Tororo, it was a pure joy feeling between both leaders and the East Africans, hence cementing our shared values.
When an investor injects capital into an economy,it increases income for those who receive it.This means that the USD 500m capital investment for the Steel plant, the investor will end up creating wealth for suppliers and employees. About 1600 jobs are estimated to be created by this new investment.
That is why President Museveni prosperity message is always candid: that Wealth is created in commercial agriculture, industry, services( like hotels and transport) and ICT.
The multiplier effect in economics of the investors manifests more  when the recipients of the new income spend a portion of it on goods and services hence creating more income for others in the economy including government in terms of national income.
Another archetypal example to this is the coming of KFC food chain in the fast food market.KFC brand which operates multiple outlets in Kampala and forms part of Kuku foods East Africa Holdings, which also manages KFC branches in Kampala,Rwanda and Tanzania.
The company has recently expanded, opening oew outlets in Bulenga, Gayaza and Kireka.In the 10 months to October 2025,KFC is said to have remitted more than shs 24.7billion in direct and indirect taxes.
Although some big companies have a tendency of under declaration of taxes through reporting less income, which affects our nations budget priorities. However, their submission of taxes such as  PAYE,income tax,withholding tax, VAT and import duties is highly commendable because it helps government build a better conducive business environment for everyone.
It is reported that KFC spent over shs 43billion on goods and services from suppliers. They went ahead to invest shs 18.3b in capital expenditure for new refurbished outlets. Every new outlet means more income for Ugandans.
The NRM manifesto prioritizes attracting investors such as KFC and Devki mega steel company of Dr Narendra Raval because they align with the government commitment of growing the economy to USD 500billion through value addition.
KFC empowers poultry farmers in the country who supply chicken as an input ,hence supporting those who borrowed government financial tools such as Parish Development model and Emyooga.
At the same time the Steel company also facilitates government policy which prohibits the export of raw ore. The amalgamation of different economic activities by investors creates a multiplier effect, which leads to more job creation hence leading to modernisation of our economy.
In conclusion, every investor in your community is deserves a standing ovation due to their impact in the economic transformation of Uganda.
Let’s promote peace in order to protect our gains.
The writer is the Head of Research Office of the National Chairman of NRM.
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