Oil to raise Uganda’s economic growth rate to 7%

Maria Kiwanuka Minister of FinanceInvestment from oil explorers and expansion in the services sector will be key factors in steering Uganda’s economy to a percentage growth rate of 7% per year in three to five years’ to come.

The Minister of Finance, Planning and Economic Development, Maria Kiwanuka says this is up from a projection of 6% made earlier in 2014

Uganda discovered oil in 2006 and expects output to start around 2017.

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