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UIA Licenses $178m

The Uganda Investment Authority (UIA) has licensed 49 projects worth US$178,646,826 in the first quarter of this financial year 2003/2004.

According to the UIA quarterly report eleased on October 10, 2003, Kenya is the leading country in terms of the financial worthiness of their projects, with a total of $113.6 million followed by Uganda with a total of US$34.4 million and China with US$14,6.6 million.

Some of the top investors come from countries such as India with $4.1 million, Australia at $2.5m, $1.7m from the US, $1.5m from South Africa, $1.2m from Rwanda and the UK with 0.4 to be invested.

The projects are expected to create employment for 8,559 people.

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