Browsing: Uganda Investment Authority (UIA)

China tops investments in Uganda

China registered the highest amount of planned Foreign Direct Investments (FDI) in Uganda in 2018/19 according to reports.

In its latest report, the Uganda Investment Authority (UIA) a state agency charged with investment promotion showed china’s planned investments totalled $607.3m, accounting for 45.1% of all the planned investments.

“Things have changed, you see that China which used not to be mentioned among the top investors in Uganda ten years ago is now number one foreign investor,” said Lawrence Byensi, acting executive director of UIA.
Byensi further said that the Chinese investments are mostly in road and manufacturing projects.

The report further showed Ugandan investors as the second source of FDI in Uganda during the 2018/19 period with a total value of $328.7 million.
Lebanon followed with planned investments of $70.6 million followed by India at $58 million and the United Arab Emirates at $55 million dollars.

The sectors that attracted …