How Uganda Moved from ‘Magendo’ economy to $69b GDP

Uganda has officially declared itself a middle-income country, a significant milestone announced by President Yoweri Museveni. This declaration follows years of economic reforms and growth, with the nation's Gross Domestic Product (GDP) now estimated at $69 billion. The government anticipates further economic expansion, projecting a 10% growth rate in the near future, partly fueled by the anticipated commencement of oil production.

This declaration signifies Uganda's progress in economic development and its potential to attract further investment as it moves towards higher income brackets.