How Uganda Agoa ban impacts East Africa investments
Buyers pick clothes from Green Shop, a modern second-hand shop in Kampala on October 7, 2023. Uganda could still trade with th US, but the products will attract normal taxes. PHOTO | AFP
The decision by the Biden administration to kick out Uganda from its African Growth and Opportunity Act (Agoa) programme could have far-reaching consequences on the investment climate in the East African region.
The impact could go beyond the East African region, trade experts say, and Kenya and Tanzania are poised to benefit from the “spoils” if they come up with strategies to woo US corporations moving out of Uganda as a result of Washington’s action.
