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Tag Archives: FDI

COVID-19: Remittance flows to shrink by 14%

Kampala, Uganda |  THE INDEPENDENT |  The amount of money migrant workers send home is projected to decline by 14 per cent  compared to the pre-COVID-19 levels, according to the latest estimates published in the World Bank’s Migration and Development Brief.    Remittance flows to low and middle-income countries are projected …

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Uganda Investment Authority predicts drastic decline in investments

Kampala, Uganda | THE INDEPENDENT | The Uganda Investment Authority (UIA) predicts a significant decline in both Foreign Direct Investment (FDI) and domestic direct investment (DDI), particularly in tourism, transport and construction sectors due to the economic crisis induced by the COVID-19 pandemic and shutdown. The value of planned FDI …

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Economy to remain subdued

 Its managers must not focus on 2020 but on long term solutions, expert says Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy is projected to remain subdued in 2020, signaling another challenging economic environment ahead. Emmanuel Tumusiime-Mutebile, the governor Bank of Uganda revealed that 2019’s projected growth of 5.5-6.0% is …

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Afreximbank’s new fund to catalyse FDI flows in Africa

Kampala, Uganda | THE INDEPENDENT | The Fund for Export Development in Africa (FEDA), the equity investment fund created recently by the African Export-Import Bank will catalyse foreign direct investment (FDI) flows into Africa’s trade and export sectors. Prof. Benedict Oramah, the bank’s president, said during the opening of the Financing …

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