Uganda Approves More Investment Projects Amid Oil Interest
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Uganda licensed 62 investment projects worth $806.6 million in the first quarter, amid growing interest in the East African nation’s oil industry, Uganda Investment Authority Chairman Patrick Bitature said.
The number increased from 78 projects worth $604 million that were approved a year earlier, Bitature told reporters today in Kampala, the capital. Of the total licensed in the first three months of 2012, 32 projects worth $708 million were owned by Ugandans, he said.