Ugandan Aproved Investment Projects Triple to $408 Million in February
Uganda’s approved investment projects more than tripled in February, driven by the finance and manufacturing industries, said Maggie Kigozi, executive director of the Uganda Investment Authority.
Licensed projects grew to $408 million from $122 million in January, Kigozi told reporters today in the capital, Kampala. At least 29 projects, 38 percent of them owned by Ugandans, were approved last month, she said.
Projects by Ugandans were worth $214 million, while foreigners planned $194 million worth of investments, she said. U.K. was the leading source of planned foreign direct investment at $104 million, followed with Norway at $65 million, Kigozi said.
To contact the reporter on this story: Fred Ojambo in Kampala at fojambo@bloomberg.net
To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net
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