Uganda to expand 7pc over next five years - bank

Uganda's capital,  Kampala. Uganda’s economic growth will likely accelerate to 7 percent if public infrastructure investments including in the oil sector remain high. [Photo: Courtesy]

KAMPALA,- Uganda’s economic growth will likely accelerate to 7 percent over the next three to five years if public infrastructure investments including in the oil sector remain at a “high level,” the central bank said.

The East African economy, a prospective crude oil exporter, is seen expanding at 6 percent in the 2018/19 (July-June) fiscal year, supported by robust activity in manufacturing, services and construction sectors.