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.

(adsbygoogle = window.adsbygoogle || []).push({});