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Uganda Attracts US$ 896 Investments in 2002

The Uganda Investment Authority (UIA) licensed 161 projects worth US$896.million in 2002. The mining and quarrying sector led with six projects worth US$545.8m, representing 60 percent of total investments.

Agriculture, forestry and fishing sectors registered 28 projects worth US$82m. Three sectors of transport, communications, and storage registered 16 projects worth US$41.3m. The tourism sector got 12 investors with a total value of US$38.4m, while the Energy sector got six investors who established projects worth US$36m.

According to a UIA Report, investments in the social services sector was worth US$21.5m. One project for financial services worth US$20m was also licensed. UIA licensed
two projects worth US$9.8m in the trade sector, and four projects in construction worth
US$4m. Professional servi ces at-tracted investment worthUS$1.6m. These investment projects are expected to create 15,085 jobs.

Britain was the leading source of Foreign Direct Investment (FDI) amounting to US$560m in 2002. Uganda also attracted investments from Mauritius, Kenya, Iran, Aus-tralia, the Netherlands, South Africa, India, Tanzania, the United States and China. Ugandans invested in projects worth $133m.

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