Uganda's economy grew faster during early 2024/25, according to Ramathan Ggoobi, the Permanent Secretary and Treasury Secretary. He shared these results at a press event today. The country saw its GDP rise by 6.7% during the first three months and 5.3% in the next three months. These numbers beat last year's growth of 5.6% and 5.8% from the same periods. Factories, food growers, shop owners, and transportation companies helped push this growth forward, Ggoobi explained during his talk with reporters.
The Ugandan money gained strength, rising 6.1% this year compared to other currencies. This makes it the top-performing currency in Africa for 2024. Money experts see this as a good sign that people trust Uganda's economy. The country sold...