The Foreign Direct Investments (FDI) inflows to Uganda registered a growth – expanding by 1.4 percent, rising from net inflows of USD2,952.9 million in 2022 to USD2,993.5 million in 2023. The increase was primarily driven by intensified activity in the Mining (oil) sector, transitioning from the exploration and appraisal phase to the development phase following the Final Investment Decision (FID) concluded in February 2022. This milestone initiated major construction works towards the development of the Tilenga, Kingfisher, and EACOP projects.