The Venture Capital & Private Equity
Country Attractiveness Index
Alexander Groh, Heinrich Liechtenstein, Karsten Lieser and Markus Biesinger

Uganda  
Rank: 94 · Score: 30.4  

Basic facts        
Population (millions) 47.2   IPOs and pulic issues (quartile) Bottom
GDP (US$ billions) 44.1   M&A volume (quartile) Bottom
GDP per capita (US$) 934.2   Venture capital investments (quartile) 2nd
GDP growth (per cent) 5.7   Private equity investments (quartile) 2nd
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 94 34, 32, 30, 31, 31 30.4
1 Economic Activity 62 56, 67, 43, 57, 63 72.0
2 Depth of Capital Market 84 36, 33, 34, 41, 41 17.3
3 Taxation 106 28, 24, 19, 19, 19 65.7
4 Investor Protection and Corporate Governance 96 28, 24, 26, 29, 29 48.6
5 Human and Social Environment 102 18, 20, 22, 23, 23 23.5
6 Entrepreneurial Opportunities 107 29, 26, 23, 20, 18 26.6


 
Historic performance, 2019-2023   Key driver performance, 2023
 

   
VC/PE Rank  
VC Rank  
PE Rank
Uganda  
Africa
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Environment
Entrepreneurial
Opportunites
Namibia 41.2 26.2 55.7 75.8 32.5 32.8
Ivory Coast 76.7 25.7 84.3 39.0 28.4 24.4
Botswana 37.6 13.9 89.4 64.5 32.7 37.3
Uganda 72.0 17.3 65.7 48.6 23.5 26.6
Zambia 65.6 13.7 72.2 51.1 22.2 31.3
Senegal 70.4 13.4 54.4 42.7 30.4 27.0
Malawi 59.3 12.1 64.8 45.2 25.7 34.4
Last updated: 4 Nov 2023