Uganda now topples Kenya in race for investments

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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UG STANDARD EDITOR | UG STANDARD EDITORIAL: