East Africa @ A Glance

Uganda’s delayed oil production could affect economic outlook https://theexchange.africa/countries/delayed-oil-production-could-affect-economic-outlook-world-bank/ According to the World Bank, Uganda could face serious economic pressures in the immediate future especially with delay in oil production. It has advised that the country would do well to develop its other major sectors – agriculture and industry – as they can guarantee immediate and steady growth outcomes instead of relying heavily mostly on Uganda’s oil production ambitions. Uganda’s economy must grow faster- World Bank https://theexchange.africa/countries/ugandas-economy-must-grow-faster-world-bank/ A recent World Bank report, “Uganda: Jobs strategy for inclusive growth” reveals that the country could find itself in a crisis of more workers than jobs unless the economy grows concomitantly.  The report states than an economic transformation is required and Uganda should start with developing commercial agriculture that accounts for about 80 per cent of annual export earnings; the sector employs more than 80 per cent of the workforce in agriculture sector. Kenya Kenyan private hydropower scheme receives PE finance https://theexchange.africa/investing/kenyan-private-hydropower-scheme-receives-pe-finance/ Tembo Power a Mauritius-based limited liability company developing power generation projects has partnered with South Africa based PE financier, Metier for the construction of the Kaptis hydropower project in Western Kenya, retaining a 40% stake in the project.  Tembo Power will