Uganda President Yoweri Museveni has given his most optimistic view of the economy yet, projecting it to grow at an average of 6.5 percent to seven percent per annum in the next five years, banking on manufacturing, increased oil and gas activities, and exports growth — all pegged to the recovering regional and international markets, low inflation, and support to small scale enterprises.
This will push the country’s GDP to $55.2 billion by the end of the 2023/24 financial year — up from the current $49.4 billion — which translates into $156.76 billion in purchasing power parity terms, and take the country’s GDP per capita to $1,186, from $1,096 in the current financial year.
