ZCZC
BCN-39
UGANDA-ECONOMY
Ugandan economy grows 5.8 pct in 2017/18 financial year
KAMPALA, June 7, 2018 (BSS/Xinhua) – Uganda’s economy grew 5.8 percent in
the 2017/18 financial year and is projected to take an upward trend in the
coming financial years, the country’s President Yoweri Museveni said on
Wednesday.
Museveni while issuing the State of the Nation address said the growth is
higher than the 4 percent registered the previous financial year.
He said the growth in the 2017/18 financial year is mainly on account of
all sectors of the economy.
The four sectors that made the major contribution included industry (6.2
percent), services (7.3 percent), information, communication and technology
(7.9 percent), and construction (12 percent).
Museveni said growth in the agricultural sector will lead to further growth
of the economy. He said the government is going to boost irrigation and
provision of fertilizers to farmers in a bid to boost agricultural
production.
BSS/XINHUA/HR/1415