Investments drop by 19%
Mar 21, 2016
UIA will unveil its investment report for the full year later this week
A total of 372 investment projects were licensed over the last financial year (2014/15) according to preliminary information from the Uganda Investment Authority (UIA).
The 372 represented a 19% decline from the 461 projects licensed in 2013/14.
Sheila Mugyenzi, UIA deputy director communications said there were a number of factors responsible for this decline in investments.
UIA will unveil its investment report for the full year later this week.
But the speculation of post-election political violence around the country could have played a key role in dissuading new investors to return to the country as past elections have indicated.