By Najibu Mulema

The parliamentary committee on natural resources asked the government to increase the amount of funds allocated to Uganda Investment Authority (UIA) inorder to improve its routine operations.

The matter was raised by the committee chairperson Alex Byarugaba, Isingiro south mp yesterday while interfacing the authority officials to assess its work.

This came after UIA director Ajer Basil told the committee that out of the over 5,000 investments licensed in the country, UIA cannot monitor three quarters of them due to lack of adequate resources and manpower.

The committee members noted that UIA lacks the financial support to handle the increased number of investors.