Chinese companies register rising income from Uganda-Report.
Chinese companies with construction projects in Uganda have in the last 20 years earned more money than any other foreign company, grossing about $8.7 billion over the period.
These are the annual revenues earned by the companies between 1998 and 2017, according to data by the China Africa Research Initiative.
In 1998, Chinese companies made $14.9 million, which was maintained in 1999, but later increased in 2000, rising to $19.1 million.
The increase in revenues could partly be explained by increased lobbying between Uganda and the Chinese governments.
China has since the early 90s risen to become Uganda’s biggest source of foreign direct investment with data showing rising investments in manufacturing and infrastructure.