Regus Anticipates Exciting Opportunities in Fast-Growing Uganda
Poster: SySAdmin
Posted on March 24, 2011 at 5:07:01 AM
Regus Anticipates Exciting Opportunities in Fast-Growing Uganda
KAMPALA, Uganda, March 24, 2011/PRNewswire-FirstCall/ --
- Businesses to Benefit From Dynamic Expansion of Regus Network Into New
Markets
A new Regus business centre in Uganda's capital, Kampala, offers a
valuable platform for businesses to explore revenue opportunities in East
Africa. It is global workspace provider Regus' first centre in Uganda, and
brings the number of countries where it operates to 87, of which 13 are in
Africa.
"Uganda's economic stability makes it a good base for doing business. As
a fast-growing economy, committed to trade and industrial diversification,
it's very attractive to companies looking to expand into new markets,"
comments Mark Dixon, Global CEO, Regus plc. "The new Regus centre in Kampala
offers companies the chance to explore the many possibilities here with zero
up-front capital and minimal risk - an ideal springboard for entering this
exciting market."
Uganda's economy grew by an estimated 5.8% in 2010, and real GDP growth
of 6.1% is predicted in 2011.[1] Rich in natural resources, the country is
still predominantly agricultural, but other opportunities are plentiful: oil
reserves have been discovered, and the manufacturing, tourism, mining, ICT
and construction sectors are all growing strongly.[2]
The country's strong trading links with Europe, the Middle East and Asia
also make it attractive for companies looking to expand their geographic
footprint. Uganda's economic partners include the UAE, UK, Switzerland,
Germany, India and China as well as neighbouring countries like Kenya and
Sudan.
The buoyant economic environment is confirmed by the Professor Maggie
Kigozi, Executive Director of the Uganda Investment Authority[3]: "The Uganda
Investment Authority is very pleased that Regus is expanding its network to
Uganda. The country is at the heart of investment in East Africa, with great
investment potential in all sectors but we need all these opportunities
broadcasted to even larger audiences than we have now. The prospects of the
Ugandan economy going forward look positive; with continued macroeconomic
stability, oil prospects, stable political leadership; Uganda will continue
to grow in a bid to reduce poverty as we launch the next drive to becoming a
middle-income country. We, therefore, believe that with companies like Regus
now coming to Uganda, we will be able to attain these goals."
Dixon adds, "With the developed economies of Western Europe and the US
producing negative or minimal growth in recent years, businesses need to find
growth from new sources - whether that is in Africa, Asia or other regions.
"As companies look at these new markets, we're seeing accelerating demand
for our flexible workspaces. In response to this, we've expanded our network
rapidly in recent months - not just into Uganda, but also Oman, Tanzania,
Ghana and Lithuania, to name just a few. As the world of work becomes ever
more integrated and mobile, and companies more agile, we expect demand for
our services to continue to grow in 2011 and beyond, and we will expand our
network accordingly."
Notes to Editors
About Regus
Regus is the world's largest provider of workplace solutions,
with products and services ranging from fully equipped offices to
professional meeting rooms, business lounges and the world's largest network
of video communication studios. Regus enables people to work their way,
whether it's from home, on the road or from an office. Customers such as
Google, GlaxoSmithKline, and Nokia join hundreds of thousands of growing
small and medium businesses that benefit from outsourcing their office and
workplace needs to Regus, allowing them to focus on their core activities.
Over 800,000 customers a day benefit from Regus facilities
spread across a global footprint of 1,100 locations in 500 cities and 87
countries, which allow individuals and companies to work wherever, however
and whenever they want to. Regus was founded in Brussels, Belgium in 1989, is
headquartered in Luxembourg and listed on the London Stock Exchange. For more
information please visit: http://www.regus.com
To download a copy of the full report please visit:
http://www.regus.presscentre.com
[1] IMP World Economic Outlook, October 2010 (
http://www.imf.org/external/pubs/ft/weo/2010/02/pdf/text.pdf).
[2] Uganda National Development Plan, April 2010.
[3] The Uganda Investment Authority (UIA) is a semi-autonomous government
agency operating in partnership with the private sector and government to
drive national economic growth and development. The Authority was established
by the Investment Code Act, Cap 92 Revised Edition 2000 Laws of Uganda.
Source: Regus
Press contact: Eva Glele, Regus, Telephone: +44-1784-898293, Email: eva.glele@regus.com
KAMPALA, Uganda, March 24, 2011/PRNewswire-FirstCall/ --
- Businesses to Benefit From Dynamic Expansion of Regus Network Into New
Markets
A new Regus business centre in Uganda's capital, Kampala, offers a
valuable platform for businesses to explore revenue opportunities in East
Africa. It is global workspace provider Regus' first centre in Uganda, and
brings the number of countries where it operates to 87, of which 13 are in
Africa.
"Uganda's economic stability makes it a good base for doing business. As
a fast-growing economy, committed to trade and industrial diversification,
it's very attractive to companies looking to expand into new markets,"
comments Mark Dixon, Global CEO, Regus plc. "The new Regus centre in Kampala
offers companies the chance to explore the many possibilities here with zero
up-front capital and minimal risk - an ideal springboard for entering this
exciting market."
Uganda's economy grew by an estimated 5.8% in 2010, and real GDP growth
of 6.1% is predicted in 2011.[1] Rich in natural resources, the country is
still predominantly agricultural, but other opportunities are plentiful: oil
reserves have been discovered, and the manufacturing, tourism, mining, ICT
and construction sectors are all growing strongly.[2]
The country's strong trading links with Europe, the Middle East and Asia
also make it attractive for companies looking to expand their geographic
footprint. Uganda's economic partners include the UAE, UK, Switzerland,
Germany, India and China as well as neighbouring countries like Kenya and
Sudan.
The buoyant economic environment is confirmed by the Professor Maggie
Kigozi, Executive Director of the Uganda Investment Authority[3]: "The Uganda
Investment Authority is very pleased that Regus is expanding its network to
Uganda. The country is at the heart of investment in East Africa, with great
investment potential in all sectors but we need all these opportunities
broadcasted to even larger audiences than we have now. The prospects of the
Ugandan economy going forward look positive; with continued macroeconomic
stability, oil prospects, stable political leadership; Uganda will continue
to grow in a bid to reduce poverty as we launch the next drive to becoming a
middle-income country. We, therefore, believe that with companies like Regus
now coming to Uganda, we will be able to attain these goals."
Dixon adds, "With the developed economies of Western Europe and the US
producing negative or minimal growth in recent years, businesses need to find
growth from new sources - whether that is in Africa, Asia or other regions.
"As companies look at these new markets, we're seeing accelerating demand
for our flexible workspaces. In response to this, we've expanded our network
rapidly in recent months - not just into Uganda, but also Oman, Tanzania,
Ghana and Lithuania, to name just a few. As the world of work becomes ever
more integrated and mobile, and companies more agile, we expect demand for
our services to continue to grow in 2011 and beyond, and we will expand our
network accordingly."
Notes to Editors
About Regus
Regus is the world's largest provider of workplace solutions,
with products and services ranging from fully equipped offices to
professional meeting rooms, business lounges and the world's largest network
of video communication studios. Regus enables people to work their way,
whether it's from home, on the road or from an office. Customers such as
Google, GlaxoSmithKline, and Nokia join hundreds of thousands of growing
small and medium businesses that benefit from outsourcing their office and
workplace needs to Regus, allowing them to focus on their core activities.
Over 800,000 customers a day benefit from Regus facilities
spread across a global footprint of 1,100 locations in 500 cities and 87
countries, which allow individuals and companies to work wherever, however
and whenever they want to. Regus was founded in Brussels, Belgium in 1989, is
headquartered in Luxembourg and listed on the London Stock Exchange. For more
information please visit: http://www.regus.com
To download a copy of the full report please visit:
http://www.regus.presscentre.com
[1] IMP World Economic Outlook, October 2010 (
http://www.imf.org/external/pubs/ft/weo/2010/02/pdf/text.pdf).
[2] Uganda National Development Plan, April 2010.
[3] The Uganda Investment Authority (UIA) is a semi-autonomous government
agency operating in partnership with the private sector and government to
drive national economic growth and development. The Authority was established
by the Investment Code Act, Cap 92 Revised Edition 2000 Laws of Uganda.
Source: Regus
Press contact: Eva Glele, Regus, Telephone: +44-1784-898293, Email: eva.glele@regus.com