Despite ongoing global economic challenges and geopolitical uncertainties, Uganda’s economy has demonstrated remarkable resilience. According to the latest World Bank report, the country’s real gross domestic product (GDP) expanded by 6.1% in fiscal year 2023/2024, an increase from the 5.3% growth recorded in the previous fiscal year. This sustained economic momentum has been largely driven by a robust service sector, particularly tourism, as well as strong industrial activity, including growth in manufacturing and construction.
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