Uganda's economy expands 0.3pc in third quarter

Uganda’s economy grew 0.3 per cent in the January to March quarter, slightly lower than a 0.4 per cent growth in the same period a year ago due to a decline in agriculture, the statistics body said.

Agricultural output fell 5.2 per cent during the quarter, compared with a 0.5 per cent growth in the same quarter last year, the Uganda Bureau of Statistics said in a statement released yesterday. January to March is the third quarter of Uganda’s fiscal year, which starts on July 1.

“The main contributors to this decline were food crops, cash crops and fishing activities. Livestock and forestry activities however registered a growth in value added during this quarter,” it said.

The Government projects 5.8 per cent economic growth in 2015-16 from 5.3 per cent growth in 2014-15.