Uganda: An Election Year That Almost Ruined the Economy

28 December 2016

Kampala — On May 12, 2016, President Yoweri Museveni was sworn in yet again to serve for another five years that would increase his reign to 35 years by 2020. The ceremony was tinged with the usual parade but more significantly was what was in his speech. It is then when he mentioned his ambition to ensure Uganda reaches Middle Income status by 2020.

"The NRM has been in power for the last 30 years and has brought Uganda from the abyss of insecurity and despair to now the threshold of becoming a middle income country by 2020. We would, indeed, have already become a middle-income country if we had more decisively handled the issue of exports," he said in his inauguration speech.

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