There are several companies in Uganda both Private and some are owned by the government. The following are some of the State owned companies in Uganda
1. Uganda Broadcasting CorporationÂ
Founded on 8th October 1963, also popularly known as UBC, the Uganda Broadcasting Corporation which was formerly known as Radio Uganda, is the public broadcaster network of Uganda.
It was founded as a result of the Uganda Broadcasting Corporation Act 2004, which merged the operations of Uganda Television(UTV) and Radio Uganda. It started broadcasting on 16th November 2005.
2. Uganda Development Bank Limited
It is the Country’s National Finance Institution with the mandate to accelerate socio-economic development in Uganda through sustainable financial interventions.
The Bank is believed to support projects within the private sector that demonstrate a potential to deliver high socio-economic value in terms of job creation, improved production output tax contribution and foreign exchange generation.
It was founded in 1972 and located on the first floor at Rwenzori Towers on Nakasero road.
3. Uganda National Airlines
Founded on 30th January 2018, and started operating on 28th August 2019, Uganda Airlines is Uganda’s flag carrier, which is also a revival of the older Uganda Airlines that operated from 1977 until 2001. As one of the key state-owned companies in Uganda, it plays a crucial role in the country’s aviation sector, boosting connectivity and economic growth.
4. National Social Security FundsÂ
With its Headquarters on the 14th floor, worker’s House, the Quasi government company was founded in 1985 and it is responsible for the collection, safekeeping, responsible investment and distribution of retirement funds from employees of the private sector in Uganda who are not covered by the Government retirement scheme.
5. Uganda Standard Gauge Railway
A planned Railway system linking Uganda to the neighboring countries of Kenya, Democratic Republic of Congo, Rwanda and Sudan as part of the East African Railway Master Plan.
Read More: Some Of The Companies Owned By The Government In Uganda
This new standard gauge railway is also meant to replace the old inefficient meter gauge Railway system.
6. Uganda Refinery Holding Company
Uganda Refinery Holding Company is a state owned company which is 100 percent subsidiary of the Uganda National Oil Company whose purpose is to hold the shareholding in the Uganda refinery and related infrastructure that is assigned to the Ugandan government.
With the above mentioned government companies, the Ugandan government has played a pivotal role towards their development and also helped to cub unemployment through providing jobs to the citizens.
