Uganda urged to diversify economy beyond oil for sustainable growth
Economists are cautioning against Uganda’s over-reliance on oil as the country pursues an ambitious plan to grow its Gross Domestic Product from $50 billion to $500 billion by 2040. They urge the government to focus more on high-potential and sustainable sectors such as agriculture, manufacturing, and services to ensure long-term growth. The ten-fold development strategy, officials say, will require a collective national effort, with the private sector playing a central role in unlocking value across the economy. The government’s blueprint emphasizes inclusive participation to achieve this transformative vision. Ronah Nahabwe reports.
