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Uganda’s economy recovers but revenue dips

A view of Kampala, Uganda. The country plans to reduce investment in infrastructure in an effort to reduce its fiscal deficit before joining EAC monetary union. PHOTO | JARED NYATAYA | NATION

By  DICTA ASIIMWE

Uganda’s economy is expected to grow at 5.5 per cent in the current financial year, against an earlier forecast of 3.9 per cent.

Director of Budget Kenneth Mugambe attributes the growth to improved food supply and recovery of the agriculture sector.

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