Govt asked to address factors affecting private investment growth
Government has been asked to urgently address all factors affecting private investment growth if Uganda’s economy is to fully recover. According to data from the Uganda Revenue Authority, Uganda’s private sector credit grew by 4.4% compared to the earlier projections of 16%.
While releasing the 9th Uganda economic update report 2017 , Rachael Ssebude the Task Team Leader, World Bank said that Uganda’s private sector has continued to be subdued despite various macroeconomic interventions by the government.
She said if this trend continues Uganda is likely to register declining revenues and continued dependency on debt for infrastructure development.