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Uganda leads global investment portfolio

12.01.2010

Uganda has been named as the top country where people invest the most in their own nation.

In 2009, more than $655 billion (£406.1 million) was put into 171 projects in Uganda, by Ugandans, according to East African Business Week.

Following in second place across the globe was the UK, whose citizens invested over $267 million in 20 projects.

Statistics put China third and India fourth. They were unveiled as part of a report by the Uganda Investment Authority (UIA) - an agency set up via an Act of Parliament to facilitate and promote private sector enterprises -

Financial input into the African nation was mostly directed towards the manufacturing sector, explained State Minister for Investment Aston Kajara. "This year, UIA will continue to target some of the top ten more recent investors in Uganda and support domestic [small to medium-sized enterprises] to strengthen their businesses through the new SME division."