It is global workspace provider Regus' first centre in Uganda, and brings the number of countries where it operates to 87, of which 13 are in Africa.
Regus is the world's largest provider of workplace solutions, with products and services ranging from fully equipped offices to professional meeting rooms, business lounges and the world's largest network of video communication studios. Regus enables people to work their way, whether it's from home, on the road or from an office
"Uganda's economic stability makes it a good base for doing business. As a fast-growing economy, committed to trade and industrial diversification, it's very attractive to companies looking to expand into new markets," comments Mark Dixon, Global CEO, Regus plc. "The new Regus centre in Kampala offers companies the chance to explore the many possibilities here with zero up-front capital and minimal risk - an ideal springboard for entering this exciting market."
Uganda's economy grew by an estimated 5.8% in 2010, and real GDP growth of 6.1% is predicted in 2011. Rich in natural resources, the country is still predominantly agricultural, but other opportunities are plentiful: oil reserves have been discovered, and the manufacturing, tourism, mining, ICT and construction sectors are all growing strongly.[2]
The country's strong trading links with Europe, the Middle East and Asia also make it attractive for companies looking to expand their geographic footprint. Uganda's economic partners include the UAE, UK, Switzerland, Germany, India and China as well as neighbouring countries like Kenya and Sudan.
The buoyant economic environment is confirmed by the Professor Maggie Kigozi, Executive Director of the Uganda Investment Authority: "The Uganda Investment Authority is very pleased that Regus is expanding its network to Uganda.
The country is at the heart of investment in East Africa, with great investment potential in all sectors but we need all these opportunities broadcasted to even larger audiences than we have now.
The prospects of the Ugandan economy going forward look positive; with continued macroeconomic stability, oil prospects, stable political leadership; Uganda will continue to grow in a bid to reduce poverty as we launch the next drive to becoming a middle-income country. We, therefore, believe that with companies like Regus now coming to Uganda, we will be able to attain these goals."
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