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KAMPALA: Uganda’s economic growth is set to accelerate to 5.3 per cent in fiscal 2014/15, driven by infrastructure investment aimed at maximising the benefits from an expected oil boom, outgoing finance minister Maria Kiwanuka has said.
She was speaking to Reuters before she was moved in a cabinet reshuffle on Sunday to become the presidential advisor on finance. Her forecast was the government’s first growth estimate for the fiscal year ending in June, after Uganda rebased its gross domestic product in November.
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