The economy is expected to maintain this growth momentum and is projected to grow by between 6.0 and 6.3 per cent in FY 2019/20, and between 6.5 and 7.0 per cent in the medium term.
The growth prospects are supported by private sector credit growth; public investment in infrastructure; higher agricultural output due to favourable weather and positive government interventions in agriculture; pick-up in activity in the mineral sector; improved regional security (with peace in South Sudan and DRC), which are expected to boost Uganda’s exports.