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August 26, 2016

Construction sector to drive Uganda’s growth

Kampala – Uganda’s economy will grow by 5.9 percent in the 2016/2017 (July-June) fiscal year, up almost a percentage point from the levels estimated for the previous 12 months thanks to spending on large infrastructure projects, the World Bank said.

The bank said in a report published on Monday that private sector investment was expected to pick up as fears of political turmoil continued to dissipate after the relatively peaceful conclusion of national elections in February.

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