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East Africa

Uganda

A young East African economy on the edge of an oil boom

Overview

Uganda is a fertile, landlocked East African country whose economy rests on agriculture — coffee is the leading export — alongside a young, fast-growing population and a growing services sector centred on Kampala.

Recent oil discoveries in the Albertine region are set to add a new pillar to the economy, with a pipeline through Tanzania to the coast under construction. The country's hydropower, wildlife and young workforce offer further potential, while the business of turning resource wealth into broad-based jobs and skills remains the central test.

On the rise

First oil exports, regional infrastructure and a young workforce could reshape Uganda's economy — with agriculture, governance and job creation determining whether the gains are widely shared.