Sri Lanka Expands Investment in Uganda

Published: 20 Jan, 2026 06:45 Sources: S1 S2 Category: Business Language: English Country: Uganda

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Uganda’s presidential election delivered continuity under President Yoweri Museveni, prompting Sri Lanka to deepen investment ties, former ambassador Velupillai Kananathan said. Museveni won a seventh term with 71.65% of the vote, sustaining policy stability that supports investor confidence. More than 20 Sri Lankan firms now operate in Uganda, mainly in renewable energy. Steady 6-7% growth and upcoming oil production are expanding opportunities in infrastructure and power projects.