This is to be expected as the exchange rate adjusts to the change in the terms of trade. Over the year to June, real GDP grew by 2 per cent. This was in line with our forecast of three months ago and at the lower end of our forecast range from a year ago.
The business community in Entebbe can thus look forward to growing opportunities across a broad range of business activities, and now has a partner in the name of Bank of Baroda, one the oldest and best established banks in Uganda, with which to do business.