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Bloomberg
China was the leading source of planned foreign direct investment in the year ended-June, leading a recovery in the value of project approvals in Uganda.
Chinese companies accounted for $607.3 million, or 45 percent, of the total planned investment projects cleared in the past financial year, the Uganda Investment Authority acting Director-General Lawrence Byensi said in an emailed statement.
Local companies accounted for about a quarter of the $1.35 billion projects, signaling a recovery from $876.8 million a year earlier, he said.