| By David Muwanga
REMITTANCES from Ugandans living abroad hit sh1.9 trillion in the financial year 2007/08, the Bank of Uganda governor has said.
"Nkuba Kyeyos invest heavily in housing, education, health and remittances," Emmanuel Tumusiime Mutebile said.
"Bank of Uganda estimates show that from 2000 to 2007, remittances averaged $341.2m per annum, almost equivalent to foreign direct investments that averaged $345.5m during the same period," he said during a summit at Hotel Africana in Kampala.
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