Margaret Kigozi1 of UIA

The Uganda Investment Authority has released a performance report that describes activities undertaken by the institution during the month of April 2011.

According to the report, the institution licensed 49 projects with estimate plan investment of 106 US million dollars and employment 3490 compared to 20 projects worth 74 million dollars and 6986 respective in march.

Out of 40 of the project 21% are Ugandan owned with a planned investment value 6345 million dollars and employment of 1711.

According to UIA Executive Director Margaret Kigozi, 19 projects are owned by foreign investors including China with projects worth 12 million dollars with a planned employment value of 593 jobs and most of those are in construction and manufacturing sectors.

By Mugisa Isaac mathias