Uganda's Economic Growth Declining World Bank


A new report by the World Bank indicates that Uganda’s economic growth declined by 0.2 percent in the first quarter of the financial year 2016/2017. This has been attributed to a number of factors but most especially the crisis in South Sudan, and severe drought which have continued to strain investment and exports.
Christina Calvo, the World Bank Country Manager in Uganda however emphasized the urgency of government solving issues of high costs that are involved in accessing credit by the private sector so that people can invest more;