Healthy Investments Support Shilling

July 2007 | Market Alert

Recently released investment data corroborate BMI's long-held bullishness on the Ugandan economy. According to the Uganda Investment Authority (UIA) direct foreign and local investments surged nearly threefold over the 2006/07 fiscal year to US$2.18bn (from US$718mn in FY05/07). The UIA highlight the pending Commonwealth summit as a key catalyst behind this surge. This event, scheduled for November this year, has stimulated activity in the hospitality sector in particular.

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