Uganda is situated in the eastern region of the continent of Africa with a total area of 241,038 sq km, surrounded by Democratic Republic of Congo, Kenya, Rwanda, Sudan and Tanzania.

Agriculture is the most important sector of the economy, employing over 80% of the work force. The principal cash crops are coffee, tea, cotton, tobacco, cut flowers, and sugarcane. It generates good export revenue through export of coffee, tea and other products. Uganda has substantial natural resources, including fertile soils, regular rainfall, and sizeable mineral deposits of copper and cobalt. The country has largely untapped reserves of both crude oil and natural gas. Large amount of poultry, cattle, goats and sheep are also raised. There is a prominent fishing industry and much hardwood (especially mahogany) is cut.

The Government of Uganda has used the stock market as an avenue for privatization. Uganda has great potential and is expected to boost its economy in the coming years. Expand your business reach in Uganda through online tenders with Africagateway.

Algeria

The backbone of the Algerian economy is its energy sector which contributes to around 50% to the GDP and over 95% of its exports. The region is 14th largest in the world for Oil production and has always been known for the fertility of its soil. The agriculture sector contributed to around 8.3% to the GDP and employs around 13.4% of the labor force. An area of more than 30,000 sq km is used to produce cereal grains.
Algeria is the largest oat market in Africa. The other crops cultivated are cotton, tobacco and dwarf palm.

Oil & Gas

Oil and gas Tenders is of critical importance to the African economy. In fact, it is estimated that 57% of Africa’s export earnings are derived from hydrocarbons. Within the continent, North and West Africa is host to the most renowned producers; some of the countries in those regions are also among the most dependent on oil and gas revenues in the world. In recent years, East Africa has also emerged as an exciting prospect for international oil companies.

Telecommunication sector

Africa has been the fastest-growing mobile market in the world during the past five years which in turn presents great opportunities in the telecom sector.
Since the processes of liberalization and privatization have been taken into consideration by African countries such as Uganda, Tanzania, Nigeria, the Sudan, South Africa and Kenya, their telecommunication infrastructures have improved drastically. Many African governments have developed their telecommunication infrastructure by privatizing their former state-owned enterprises.

As a result, the telecom sector in Africa has opened up new vistas of business opportunities.

It falls under East Africa. Uganda has abounding potential and is expected to establish its economy in the coming years. The country has tremendous untapped reserves of both crude oil and natural gas.

Most areas of Uganda have usually received plenty of rain. In some years, small areas of the southeast and southwest have averaged more than 150 millimeters per month. In the north, there is often a short dry season in December and January. Temperatures vary only a few degrees above or below 20 °C but are moderated by differences in altitude.

Agriculture to support the economy of Uganda:

Uganda’s favorable soil conditions and climate have contributed to the country’s agricultural success. It has substantial natural resources including fertile soils, regular rainfall and sizeable mineral deposits of copper and cobalt. Hence, 90% of its income comes from the agriculture sector. The country’s main food crops have been plantains, cassava, sweet potatoes, millet, sorghum, corn, beans, and groundnuts. Major cash crops have been coffee, cotton, tea and tobacco.

It generates good export revenue through export of coffee, tea and other products. Since 1986, agriculture has accounted for 56% of the economy with coffee as its main export. In 2013, coffee exports were around US $425.4 million.

According to Uganda Bureau of Statistics the agriculture sector contributes 20% of GDP, accounts for 48% exports and employs over 70% of the working population. With agriculture being the main sector of revenue generation in Uganda, Tenders opportunities along with increasing your business reach grows.

Africagateway helps your business grow in all sectors/countries of Africa. For updated information on procurement news, online tenders, contract awards and more.

Tourism in Algeria:

Algeria’s tourism industry contributes only about 1 percent of GDP and receives about 200,000 tourists and visitors annually. Ethnic Algerian French citizens represent the largest group of tourists, followed by Tunisians. Various hotel operators are planning to build hotels, particularly along the Mediterranean coast. Another potential opportunity involves adventure holidays in the south. The Algerian government along with other funding agencies has set the goal of boosting the number of foreign visitors, including tourists to 1.2 million in the coming years. Along with the investment of government for the boost, various online tenders are regularly floated in Algeria’s developing economy.

Sectors which play an important role for the development of Algerian Economy:

The Algerian economy is reliant on petroleum, which has been an OPEC member since 1969. Its crude oil production stands at around 1.1 million barrels/day, but it is also a major gas producer and exporter, with important links to Europe. Thus, the major source of income comes from Oil and Gas which is the booming sector of Algeria.

Transport in Algeria:

The Algerian road network is the densest in Africa. Its length is estimated at 180,000 km of highways with more than 3,756 structures and a paving rate of 85%. This network will be complemented by the East-West Highway, a major infrastructure project currently under construction. Algeria is also crossed by the Trans-Sahara H

The Algerian economy is reliant on petroleum, which has been an OPEC member since 1969. Its crude oil production stands at around 1.1 million barrels/day, but it is also a major gas producer and exporter, with important links to Europe. Thus, the major source of income comes from Oil and Gas tenders which is the booming sector of Algeria.

Transport in Algeria:

The Algerian road network is the densest in Africa. Its length is estimated at 180,000 km of highways with more than 3,756 structures and a paving rate of 85%. This network will be complemented by the East-West Highway, a major infrastructure project currently under construction. Algeria is also crossed by the Trans-Sahara Highway, which is now completely paved. This road is supported by the Algerian government to increase trade between the six countries crossed: Algeria, Mali, Niger, Nigeria, Chad and Tunisia. Such government efforts are encouraging other countries to invest in the Algerian economy through tenders, projects and much more.

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Africa Trade: Exports

Botswana and South Africa are two biggest exporting countries in Africa. South Africa is the world’s biggest producer of gold & diamonds. The country has a well developed law system. South Africa has a large pool of skilled labour and advanced infrastructure and developed financial resources. All these factors are mostly missing from other countries. Advanced in the following streams, the African government along with various funding agencies has taken steps to maintain and bring in more business in South Africa through tenders.

The main exported commodities of African nations are:

• Palm Oil
• Gold
• Diamonds
• Oil
• Cocoa
• Timber
• Precious metals.

Oil export has been the main stay for many economies. Nigeria is one of the world’s largest oil reserves and Africa’s largest oil producer. With its resources, Nigeria can produce 3.2 million barrels/day. However it only produces an average of 2.21 million barrels/day. You can expand your business reach in Nigeria through Africagateway with the help of regular online tenders floated and steps taken for improvement by the local government.

In the last two decades, countries such as Sudan, Angola, and Equatorial Guinea have also benefited due to their oil exports.

Africa Trade: Imports

Africa struggles with food items and basic facilities. It is often under the grip of internal outbreaks, leaving less scope for infrastructural or administrative change over. Therefore, African imports feature medical supplies as well as food items. Africa, in the next few years will be known as the food hub.

The main imported commodities are:

• Machinery and equipment
• Chemicals
• Petroleum products
• Scientific instruments
• Foodstuffs

Machinery and equipments imports have become regular as the region is trying to uplift its productivity and make use of the vast resources.

However, the imports are limited to nations that have a decent level of consumption.

Overall, Africa trade has been helped enormously by other such as Germany, Japan and China that have not only invested a lot in the emerging countries but have been regular African trade partners as well. You can also expand your business reach in Africa with the help of Africagateway in not only Import and Export but in other emerging sectors too.