Uganda’s GDP growth hits 6.8% in first half of 2022/23 fiscal year

According to Uganda’s finance ministry, the country’s economy expanded 6.8% in the first half of the 2022–23 fiscal year, which runs through the end of June, compared to 3.7% in the same time the year before. Services, agriculture, forestry, and fishing were the key drivers of growth.

With the support of lessening inflationary pressures, the East African nation is on course to have a growth rate of 5.3% for the entire fiscal year, the finance ministry added in a report.

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