Uganda lowers annual growth forecast to 6.5%-7%, to start crude output in west
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Uganda's finance ministry has revised its economic growth forecast for the upcoming financial year to between 6.5% and 7%, down from a previous estimate of 10.4%. The ministry did not provide a reason for this adjustment. The forecast was shared on the X platform, and the growth was initially expected to be bolstered by the commencement of oil production from western reserves, managed by TotalEnergies and CNOOC.
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