{{A new Global report has ranked Rwanda with Kenya and Tanzania as countries with ‘Medium-High risk’ for business.}}
The global risk survey released recently by global risk management Firm, AON measures political risk in 163 countries to assess the risks associated with exchange transfer, sovereign non-payment, political interference, supply chain disruption, legal and regulatory regimes, political violence, ease of doing business, banking sector vulnerability and governments’ capability to provide fiscal stimulus.
According to the report, Uganda has a lower risk rating of ‘Medium’, compared to neighbours Kenya, Tanzania and Rwanda all rated at ‘Medium-High risk’ and South Sudan rated at ‘Very High risk’.
However, Uganda continues to face high levels of political violence risk, which is exacerbated by instability in neighbouring eastern Democratic Republic of Congo and South Sudan.
According to AON, in East Africa, terrorism stands out as the predominant peril particularly after internationally high profile attack on the Westgate mall in Nairobi last year.
This has seen the interest of players in political risk covers increase especially among operators in the manufacturing sector, retail sector, banking and hospitality industry.
The report identifies massive investment opportunities in infrastructure, especially within the energy sphere.
Another area with huge potential is agriculture, which can help reduce the risk of supply chain disruptions and food price
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