Ugandan |

Uganda Targets 1,000 Megawatts of New Generation by June 2020

KAMPALA (Capital Markets in Africa) – Uganda plans to boost power generation capacity by at least 1,000 megawatts by June 2020 to promote industrial growth by adding renewable sources such as wind, solar and biomass to hydropower. Increased generation will enable the East African nation to raise access on the national grid to 30 percent, according to a sector budget document on the Finance Ministry’s website. The World Bank estimates the country’s access at 26.7…

Uganda sees economic growth of 5.3 pct this fiscal year

Posted on by The Editorial Team

KAMPALA (Reuters) – Uganda’s economic growth is set to accelerate to 5.3 percent in fiscal 2014/15, driven by infrastructure investment aimed at maximizing benefits from an expected oil boom, outgoing finance minister Maria Kiwanuka said. She was speaking to Reuters before she was moved in a cabinet reshuffle on Sunday to become presidential advisor on finance. Her forecast was the government’s first growth estimate for the fiscal year ending in June, after Uganda rebased its…