Kagwa & Kagwa Advocates

Uganda has not been spared by the adverse effects of the Covid 19 virus. The restrictions on travel and work took effect in March through April 2020. However, some construction companies from China with projects in Uganda have been affected by the Covid19 pandemic since December 2019. China is now Uganda’s largest source of foreign direct investment. According to the Chinese Ministry of Commerce, Uganda ranks third as a destination for FDI from China. China has advanced loans to Uganda for its infrastructure projects such as the USD 350,000,000 loan from the Exim Bank of China to partly finance the…