There are a number of businesses to start with UGX 2 million in Uganda. The most profitable business will generate for you more than UGX 50,000 daily.
Here is the list of the businesses:
- Wines and Spirits
If you have UGX 2 million, it’s enough to set up wines & spirits shop. You will spend UGX 100,000 to UGX 200,000 on licenses. Then use the rest to buy stock and equip your shop with necessary items.
Wines and Spirits shop especially in Kampala will generate daily profits of more than UGX 50,000.
- Bodaboda
Another profitable business to start in Uganda with just UGX 2 million is bodaboda business. You can buy one bodaboda in cash and take bodaboda loan for the second one.
In Kampala, bodaboda business is very profitable. If you have 2 of them, you will even make more than UGX 100,000 per day.
- Grocery shop
Set up a grocery shop in Kampala for UGX 500,000 to UGX 2 million. The size of the grocery determines capital required.
People must buy food, which is why grocery shop is among the most profitable businesses in Uganda.
- Pool table business
Buy at least 3 pool tables and set up a good place for the same. Here in Kampala, the business will generate decent profits for you. One pool table alone can pay rent for the other tables. All the money collected from 3 other pool tables is profit.
The cost of 1 pool table ranges between UGX 500,000 to UGX 1 million.
- Farming
Start poultry farming, grow fruits and vegetables in large scale. You can also do dairy farming. Any kind of farming in Uganda is profitable as long as it’s done the right way.UGX 2 million is enough to by 2 dairy cows.
- Bottled water business
Bottled water business is very profitable in Kampala. Start the business of purifying water and supplying to hotels, shops and other sectors.
The capital required is UGX 2 million to UGX 5 million.
- Chemist business
Most people prefer to buying drugs from the chemist before they go to hospital. There is no single day people will stop being sick. Look for a strategic shop and stock it after obtaining a license. You need UGX 2 million to UGX 10 million to start chemist business.
- Car Wash
Set up a good car wash business in Kampala. The business will cost you at least UGX 500,000.All you need is a source of water and the pump for washing the car.
The profit per day range between UGX 50,000 to UGX 500,000 depending on the number of vehicles you wash.
- Executive Salon & barber shop
Set up business of executive salon and barber shop in a single room. You will spend approximately UGX 2 million to set up this business. Make sure the rooms are executive so as to attract quality clients.
- Cereal business
In Kampala people buy cereal, they buy rice, they buy cooking flour. Set up a business where you sell all types of cereals. You will earn decent income.
- Smartphone repair business
One of the new businesses in Uganda is smartphone repair business. It’s the most profitable business at the moment.
You will spend even less than UGX 1 million to set up the business.
- Cosmetics shop
You can also start a cosmetics shop with UGX 2 million only or even less. But you should identify a crowded estate where people have the financial muscles to buy.
