Uganda will remain among the fastest growing economies in Sub-Saharan Africa and globally, a new report by rating agency Moody’s says.
“We expect growth to remain highest in Rwanda and Tanzania. By and large, our expectations for real GDP growth rates of 5-6 per cent in Uganda and Kenya, and 6.5-7.5 per cent in Tanzania and Rwanda,” said Moody’s.
For the East African region covering four countries including Uganda, Moody’s said that the growth is likely to be among the highest in sub-Saharan African.
“The East Africa region’s economies of Kenya, Tanzania, Rwanda, and Uganda will remain among the fastest growing economies in sub-Saharan Africa and globally,” said the agency.