Uganda takes the lion’s share of FDI into region, creates 6,300 jobs
Data for Rwanda, Burundi and South Sudan was not available, but in Ethiopia, FDI has declined significantly in the past three years after reaching 34 projects in 2019. PHOTO | COURTESY
Kenya, Tanzania and Uganda attracted over $13.3 billion worth of foreign direct investment (FDI) in 2022, helping them create thousands of new jobs.
The latest investment report by business advisory firm Ernst & Young shows that Uganda recorded a high of $10.2 billion — the highest in East Africa — creating 6,300 jobs.
