The Uganda Investment Authority has called for more local investments in the country to ensure more balanced economic growth and development.
The Chairman of Uganda Investment Authority
Patrick Bitature
, Patrick Bitature says foreign direct investments are dominating the country’s economy.
He says there is need for a balance to ensure proper cash flow in the country as locals keep their profits within the country.
He adds that government needs to create a favorable environment in to attract more local investors.
He also advises the local investors to forge partnerships with their foreign counterparts to reap big from their investments.
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