Uganda projects 7.5% economic growth ahead of oil production
A senior official from the Ministry of Finance has reaffirmed government projections that Uganda’s economy is expected to grow by 7.5% in the upcoming financial year, excluding the anticipated impact of commercial oil production, which is projected to commence in the 2026/27 fiscal period. Moses Bekabye, a technical advisor at the Ministry of Finance, Planning and Economic Development (MOFPED), made the remarks at an investor summit organized by Standard Chartered Bank in Kampala. He noted that while the growth target is achievable, it is admittedly an overly ambitious strategy. The summit focused on Uganda’s ten-fold growth agenda and efforts to attract long-term investment.
