Uganda: Bad News for Uganda Economy

Kampala — Uganda's economy is likely to grow by 6.5%, according to central bank governor Emmanuel Tumusiime Mutebile. That would be about 12% higher than last year and the highest rate in years. But there is a problem; the record high growth rate could be a one-off.

According to recent report by the American management consultancy firm, Mckinsey Global Institute, Uganda's economy grows consistently but slowly.

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