Uganda: Remittances Grow Amid Declining FDI

Kampala — Uganda received $6.28b from citizens living abroad between 2013 and 2018 in remittances outpacing foreign direct investment (FDI), which stood at $1.5b in 2016, according to data from the World Bank.

The data indicates that remittances have in the period become the largest source of external financing amid falling FDI figures.

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