The French government has pledged UGX15 trillion in investments to accelerate Uganda’s growth, focusing on key sectors such as oil and gas, water, agriculture, and education.

The investment plan, announced by France’s Ambassador to Uganda, Xavier Sticker, will be implemented over the next three years, with the goal of fostering sustainable development and creating jobs.

“This substantial commitment reaffirms France’s confidence in Uganda’s economic potential and our strong bilateral relationship,” Ambassador Sticker said during the announcement. He highlighted that a significant portion of the investment will be channeled through Foreign Direct Investment (FDI), with French companies playing a leading role.

TotalEnergies, a major player in Uganda’s oil and gas sector, is expected to remain a cornerstone of the investment initiative. The company has been deeply involved in Uganda’s oil projects, including the East African Crude Oil Pipeline (EACOP), and will continue to drive the country’s energy transformation.

Beyond oil and gas, the investment will target crucial sectors such as water, sanitation, and agriculture to improve livelihoods and ensure long-term sustainability. Funds will also support Uganda’s education system, boosting skills development to equip the workforce for emerging opportunities. The mining sector, which remains underexplored, will also benefit, opening up avenues for growth and industrialization.

The French government has emphasized that this multi-sectoral approach aims to create widespread benefits for Ugandans. By addressing fundamental needs such as access to clean water and quality education, the initiative seeks to drive inclusive development.

Uganda’s government welcomed the pledge, with officials lauding it as a testament to the nation’s growing appeal as an investment destination. As implementation begins, the partnership between France and Uganda is poised to unlock new economic opportunities and foster mutual growth.