UN Investor Survey Puts Uganda On Top
Dec 22, 2003
The United Nations Industrial Development Organisation (UNIDO) investor survey for 2003 has ranked Uganda as the best country among 12 others.
By David Muwanga
The United Nations Industrial Development Organisation (UNIDO) investor survey for 2003 has ranked Uganda as the best country among 12 others.
The Africa Foreign Investor Survey looked at motivation of investors, exisitng investment opportunities, investor perceptions and future plans for investment promotion in countries.
One hundred foreign investors were interviwed in the 12 countries.
Some of the countries are Ethiopia, Burkina Faso, Kenya, Cameroon, Mozambique, Madagascar, Nigeria, Senegal and Tanzania.
Investors in those countries were given questionnaires.
The questions which investors answered included their countries of origin, size of investments, market orientation and support of the Investment Promotion Agencies (IPA’s) and how the IPA’s performed.
Uganda Investment Authority (UIA) executive director Dr. Maggie Kigozi said Uganda was the best investment promoter over the last three years.
She said 85 percent of the investors said UIA performed above expectations while Uganda was the second country with good local market conditions.
In terms of improving the investment climate and sales growth, Uganda was third.
Tanzania led in sales growth with 90 percent followed by Nigeria with 88 percent.
Uganda was third in economic stability ratings with 55 percent just below Senegal with 65 percent and Burkina Faso with 60 percent.
Ethiopia, Nigeria and Kenya scored poorly with less than 25 percent.
Ends
The United Nations Industrial Development Organisation (UNIDO) investor survey for 2003 has ranked Uganda as the best country among 12 others.
The Africa Foreign Investor Survey looked at motivation of investors, exisitng investment opportunities, investor perceptions and future plans for investment promotion in countries.
One hundred foreign investors were interviwed in the 12 countries.
Some of the countries are Ethiopia, Burkina Faso, Kenya, Cameroon, Mozambique, Madagascar, Nigeria, Senegal and Tanzania.
Investors in those countries were given questionnaires.
The questions which investors answered included their countries of origin, size of investments, market orientation and support of the Investment Promotion Agencies (IPA’s) and how the IPA’s performed.
Uganda Investment Authority (UIA) executive director Dr. Maggie Kigozi said Uganda was the best investment promoter over the last three years.
She said 85 percent of the investors said UIA performed above expectations while Uganda was the second country with good local market conditions.
In terms of improving the investment climate and sales growth, Uganda was third.
Tanzania led in sales growth with 90 percent followed by Nigeria with 88 percent.
Uganda was third in economic stability ratings with 55 percent just below Senegal with 65 percent and Burkina Faso with 60 percent.
Ethiopia, Nigeria and Kenya scored poorly with less than 25 percent.
Ends