Uganda is projected to be the second fastest growing economy in the East African Community (EAC) in 2024. This forecast reflects the country’s robust economic activities, ongoing infrastructure projects, and favorable government policies aimed at boosting growth.

Economic growth in Uganda is driven by various factors, including investments in infrastructure, agriculture, and services. The government’s focus on improving the business environment and attracting foreign investment also plays a significant role. Additionally, regional trade within the EAC and efforts to diversify the economy contribute to this positive outlook.

While the exact growth rate and the specific projections for other EAC countries can vary, Uganda’s anticipated performance underscores its strong economic fundamentals and the potential for significant development in the near future.