Uganda’s economy will grow at least 7% in the fiscal year starting in July, Finance Minister Matia Kasaija said on Thursday in a budget speech.
Uganda is poised to start pumping crude oil next year, and the International Monetary Fund predicts revenues from crude sales could lift its economic growth rate into double digits.
The World Bank has said it is resuming funding to Uganda, nearly two years after the global lender suspended new financing in response to an anti-LGBT law that imposes penalties including death and life imprisonment.
Source:
Reuters
