Uganda’s growth prospects and returns on investment which are among the highest make investing in Uganda very attractive. The increasing urbanisation, the rapid growing consumer-oriented market, strong demographics, rising investment in infrastructure, and improving corporate governance and regulation, all bode well for the continued growth of Uganda’ s investment story.
That’s an opportunity; a lot of money would move this way if we became a better growth and investment story. Then there are reforms which affect the labour market directly. South Africa, arguably, has a three-tier labour market. One is mostly informal and pays low wages. The second is formalised and pays intermediate-range salaries, typically negotiated on an industry-wide basis.