In 2016, the Ugandan government, the Bank of Uganda, the World Bank and the IMF, among others, all projected that Ugandas economy would grow between five and 5.5 percent, only to bring it down to 4.5 percent.
The BoU Executive Director for Policy and Research, Dr Adam Mugume, says although private sector credit at one point in 2016 dropped to negative two percent, it has since rebound to 6.4 percent with their prediction that it will hit the eight percent mark by end of fiscal year 2016/17.
UWA Executive Director, Dr. Andrew Seguya told the Justice Catherine Bamugemereire Commission of Inquiry into Land matters that Uganda is in the midst of sophisticated poachers targeting elephants and other wildlife.
Delivering the preliminary statement at the Ministry of Finance headquarters in Kampala, the head of the review mission, Axel Schimmelpfennid, said the country is in a state of very slow growth, translating into zero per capita for this financial year.
