Vision and Mission of the British Chamber of Commerce Uganda
The British Chamber of Commerce Uganda (BCCU) has a clear vision: to promote trade, investment, and collaboration between Uganda and the United Kingdom. As a member-driven organization, BCCU focuses on creating opportunities for businesses to grow, connect, and make a lasting impact. The chamber is not just an institution; it is like a family, striving to expand its national ambitions while aligning with the government’s goals for economic growth.
One of the key objectives of BCCU is to contribute to the tenfold GDP growth that the Ugandan government is targeting. This involves building strong partnerships and leveraging the relationship between the UK and Uganda. Through events, advocacy, and strategic collaborations, the chamber aims to support businesses across various sectors.
Celebrating a Year of Growth and Achievements
In September, the BCCU celebrated its first anniversary, marking significant progress in its operations. Over the past 12 months, the chamber has successfully fulfilled all legal requirements and protocols, leading to the establishment of a robust foundation. A major milestone was the addition of 42 new members, reflecting the growing interest and engagement from the business community.
The BCCU has a diverse membership spread across 17 key sectors, employing over 20,800 staff, with 95% being Ugandans. This diversity allows the chamber to address a wide range of economic issues and opportunities. During this period, the BCCU engaged in 15 high-level discussions, with 11 of these initiated by the chamber itself. These engagements included partnerships with other chambers such as the American, Dutch, and French Chambers, as well as the Private Sector Foundation of Uganda.
Strategic Partnerships and Government Engagement
The BCCU has also established strong relationships with the Ugandan government and key officials. Notably, the chamber has maintained good communication with President Yoweri Museveni and the technical wing, including the Finance Ministry. The Permanent Secretary and Secretary to the Treasury at the Ministry of Finance have been actively engaging with the BCCU, providing valuable insights into the economy.
Additionally, the BCCU has had meaningful interactions with the Commissioner General of the Uganda Revenue Authority and the Governor of the Bank of Uganda. These engagements help the chamber understand the economic landscape from multiple perspectives, enhancing its ability to support its members effectively.
Alignment with National Priorities
The BCCU’s plans are closely aligned with the national priorities of Uganda. The chamber has participated in leadership forums that brought in investors from the UK to discuss trade and investment issues. These discussions highlight the importance of having the right partners and voices to drive economic growth.
The British High Commissioner to Uganda, Lisa Chesney, has played a crucial role in supporting the BCCU and strengthening the UK-Uganda relationship. Members of the BCCU are actively involved in the government’s “ATMS” strategy, which includes Agro-industrialisation, Tourism development, Mineral development, and Science, Technology, and Innovation. This initiative is part of the broader Ten-Fold Growth Strategy (TGS), aiming to boost Uganda’s GDP from $50 billion to $500 billion by 2040.
Opportunities and Challenges
There are numerous opportunities for growth in Uganda, particularly in technology and sustainability. The BCCU recognizes the potential of Artificial Intelligence as a key enabler for economic development. By embracing technology, Uganda can position itself on par with other global economies.
The chamber has also focused on sustainability and Environmental, Social, and Governance (ESG) principles through initiatives like Shared Purpose. However, challenges remain, particularly in policy stability. Members have expressed concerns about the clarity and consistency of tax and green business policies. Despite these challenges, the BCCU has taken steps to engage with the Uganda Revenue Authority and secure a point of contact for further discussions.
Preparing for the 2026 General Election
As the 2026 General Election approaches, the BCCU remains confident in the country’s democratic processes and leadership. Most members are continuing their investments, demonstrating trust in the political and economic environment. The chamber believes that a stable and predictable governance system is essential for sustained economic growth.
Supporting Agro-Exports and Trade
Uganda aims to increase agro-exports to $20 billion by 2040, with the United Kingdom playing a significant role in this endeavor. The BCCU will continue to support businesses in achieving this goal by fostering connections, promoting trade, and addressing barriers. Through its efforts, the chamber hopes to empower Ugandan businesses and contribute to the nation’s economic development.
