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Uganda now topples Kenya in race for investments

President Museveni lwaves to guests after commissioning Four Points by Sheraton Hotel at Kololo on Tuesday. PPU Photo (1)

President Museveni waves to guests after commissioning Four Points by Sheraton Hotel at Kololo on Tuesday (PHOTO/Courtesy)

Uganda has toppled Kenya in the race for foreign direct investments (FDIs) in East Africa, a new report has shown.

Kenya, Tanzania and Uganda attracted more than $13.3 billion worth of FDIs in 2022, according to the report dated November 2023, helping them create thousands of new jobs.

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