Eastern Africa Association
Eastern Africa Association
The Eastern Africa Association is a source of insightful and helpful publications, guides, and advice for all visitors to our website. Contributors include EAA analysts, our Members, and a wide range of experts and official commentators. As a key service for Members only, we produce a regular Newsletter which contains our analysis of developments in the region.
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With President Museveni’s son having indicated his intention to vie for the Presidency in 2026, confusion reigns, particularly, as the President has not said whether he will be stepping down. The economy is showing signs of growth and Uganda expects significant Foreign Direct Investment in the medium to long term.
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Political succession remains a question that is yet to be answered although there are indications that President Museveni will vie for another term at the next elections. The oil sector is seeing increased activity which is expected to give the economy a boost.
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The political scene remains unchanged. Economically the country is growing but at lower rates than originally projected. Inflation is expected to be down to 5% by the end of 2023. The oil sector is moving forward rapidly with considerable activity and investment in the oil rich areas. The Ebola outbreak has ended which may result in increased visitors giving a boost to the tourism sector.
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On the political front there is no change with President Museveni continuing to rule Uganda with an iron fist and showing no signs of stepping down. The economy is facing significant headwinds and could well head into recession if the Government does not implement the right policies. However, the Ebola outbreak appears to be subsiding. The country is forging ahead in the oil industry despite detractors both locally and internationally.
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Politically Uganda shows no sign of change in the foreseeable future. The economy is showing continued signs of slowing down as global shocks come home to roost. The oil industry is facing opposition over Climate Change and human rights matters.
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The political situation remains stable. Economically the country is on an even keel. The oil industry is pursuing ambitious projects despite various obstacles in their path.
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With her first Budget in full swing, it is clear that President Hassan’s agenda is one of ambition and expenditure. The narrative from Ministries has been that of assisting the private sector, helping the economic base increase and keeping economic growth in at least high single digits. However, actual policy reform to ease doing business is still slower in coming.
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Politically there has been little change in Uganda. The economy which recovered substantially in 2021 is starting to slow with the prevalent global threats.
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The direction of travel is a positive one, with a continued widening of the democratic space and improved view of Tanzania on the world stage. However, there is much more to be done domestically to create a business environment that is conducive for existing and potential investors
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