Uganda's short- to medium-term economic growth prospects continue to be supported by strong performances across different sectors: energy, agriculture, mining, manufacturing, and tourism. We consequently lifted our 2025 economic growth projection to 5.1% from 4.9%. Business sentiment remains positive, with most businesses in the private sector being optimistic about customer sales and output levels over the next 12 months. Ongoing investments in the oil and gas sectors will provide a further boost to overall business activity growth this year. Over the next three years, we expect real GDP growth to average just over 6.0% p.a.
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