UIA appeals for more local investors in Uganda
The Uganda Investment Authority has called for more local investments in the country to ensure more balanced economic growth and development.
The Chairman of Uganda Investment Authority
, Patrick Bitature says foreign direct investments are dominating the country’s economy.
He says there is need for a balance to ensure proper cash flow in the country as locals keep their profits within the country.
He adds that government needs to create a favorable environment in to attract more local investors.
He also advises the local investors to forge partnerships with their foreign counterparts to reap big from their investments.