Uganda, Jan. 6 -- Land usage in industrial parks exceeded government target for the period ended December 2022, according to the Ministry of Finance 2021/22 annual performance report.

The report, which was released on Wednesday, indicates that as of December 2022, at least 212 companies were fully operational and utilized allocated industrial park land, an indication of improved investment activities.

At least, the Ministry Finance indicates, 506 companies have so far been allocated land across regional industrial and business parks, of which 212 companies have already established operations.

At least 155 of those already in operation, which represents 73.1 percent, are owned locally. The performance is above the annual National Develo...