Uganda's economy 'growing very fast'
04/06/2010
Uganda's economy has been described as accelerating at a fast pace.
The country's president, Yoweri Museveni, has said the country can now largely sustain itself, New Vision reports.
Mr Museveni stated the increased revenue will enable the nation to embark on the construction of a new road system and build an energy infrastructure without needing funding from external sources.
He commented: "Some people expressed pessimism when I said our economy would survive the global downturn. The economy has proven that what I stated was correct."
According to the political figure, the economy has grown at 7.4 per cent over the last 24 years, but had shot up to 8.4 per cent in recent times, resulting in a six-fold increase in size.
However, a recent poll commissioned by the Daily Monitor and the Deepening Democracy Programme revealed most Ugandans would not like to see Mr Museveni stand for another term as president at next year's general election.
Written by Simon Bassett
