Uganda, the world´s most populous landlocked country after Ethiopia, enjoyed high levels of growth and poverty reduction from 1987-2010, with GDP growth averaging at 7% per year. This economic growth was ushered in by the end of armed conflict in 1986 and a series of stabilization and pro-market structural reforms that followed. For instance, the 1991 Investment Code opened up the industrial sector to foreign participation, with the exception of industries concerning national security or requiring the ownership of land.
Since 2010, GDP growth has slowed, but the policy and legal frameworks have continued to improve. The 2010 Companies Act allows for single-person companies, permits the registration of companies incorporated outside of Uganda, and regulates share capital allotments and transfers. The 2015 Public Financial Management Act further improves government effectiveness and fiscal responsibility.
Uganda´s experience in zones began in 2006, when the Lake Victoria Free Trade Zone, situated on 200 square miles of land in Uganda, became operational. In 2014, it adopted a Free Zones Act and established the Uganda Free Zones Authority (UFZA), which endeavor to create an enabling environment for export-oriented manufacturing. The UFZA will regulate the Kaweweta SEZ in Nakaseke.