Browsing: Matia Kassaija

A street in Uganda. The World Bank notes that private investment contracted by 5 percent, following an almost 1.5 percent contraction in FY20.

The World Bank released the country’s 18th Economic update in the first week of this month.

According to the institution, the change was majorly impacted by improvement in road and bridge building, the acquisition of additional aircraft for the continued revival of Uganda Airlines, and large classified investments.

Uganda has in the recent past heavily deployed and channelled its national cake towards improving its shambled infrastructure especially the road, railway, water and air transport systems.…