Museveni says economy is growing but we can't see money in our pockets
In his new year's address, President Museveni, noted an upward curve in the economy anchored on a shift in exports earnings and a growing industry.
On that background, does the citizen feel economic growing in individual pockets?
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It was noticeable, the current economic figures outmuscle the previous indices Museveni has presided over
The economy was reported to grow at 6.1% this year against a projection of 5.5%. The growth was largely driven by agricultural exports
For the President, no figures elsewhere could match those posed by the economy.
The economy alone has been growing at 6.1%.
In the region Uganda registered a trade surplus of $2.2 bn while foreign exchange earnings featured at $6.6bn
To note, however, the president’s speech did not corroborate with new figures from the Uganda Bureau of Statistics.
Whilst he indicated growth in agriculture, the statistics body records of quarter 1 of 2018 show a 5-point drop in growth in the sector compared to 8.0% in 2017.
Growth is however indicated in services and industry.
The large portions of the jobless and the financially marginalised youth however, underwhelm the growth traction decidedly powered by industry.
To avert the drought that occasionally slows economic growth, government is now plotting for gravity based irrigation for large scale farms.
