When Uganda begins exporting its crude oil, the country will gain a new source of foreign exchange and government revenue. But whether this wealth can help deliver the ambition of a $500 billion economy by 2040 will depend on how…
Uganda’s US$500 billion economic ambition comes with a financial requirement that is almost as striking as the target itself, private-sector credit will have to rise from roughly Shs30 trillion today to more than Shs490 trillion by 2040. That means the…
Africa has never lacked ambition. Governments have produced long-term development plans, businesses have announced transformation strategies and regional institutions have created frameworks for trade, industrialisation, technology and investment. The ambitions are considerable. Uganda has its Tenfold Growth ambition. The African…
Uganda has set itself one of the most ambitious economic targets anywhere on the African continent: expanding the economy from approximately US$50 billion today to US$500 billion by 2040. If realised, the target would fundamentally alter the country’s economic position…