Uganda’s Economic Outlook: Navigating Growth Amidst Global and Domestic Challenges

Uganda’s economic landscape has shown remarkable resilience, even in the face of multiple successive shocks. According to the latest World Bank report, Uganda’s real gross domestic product (GDP) grew from 5.3% in the fiscal year 2022/23 to an estimated 6% in 2023/24. This growth was primarily driven by oil-related construction activities and the mining and...