Daily Monitor
Tuesday February 16 2021
Summary
China is a key investment partner in Uganda with 30 per cent of planned investments worth $256m according to Uganda Investment Authority (UIA). In an interview with prosper Magazine’s Eronie Kamukama UIA’s director investment promotion and business development
Sheila Mugyenzi expounds on how businesses can utilise their investments
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China still ranks first as a foreign direct investment source for Uganda in terms of planned values of investment, projected employment and number of investment projects. What is the portfolio of Chinese investments so far?
Investment from China is in a wide range of sectors ranging from light manufacturing including textiles, assembly of mobile phones to heavy infrastructure equipment, as well as value addition in fruits and minerals. There is growing interest in large scale agriculture especially grains and aqua-culture.