Uganda's Economy

Uganda’s economy has grown at a slower pace in recent years, reducing its impact on poverty. Average annual growth was 4.5% in the five years to 2015/16, compared to the 7% achieved during the 1990s and early 2000s. The economy may recover to above 5% in 2017/18, and to 6% in 2018/19, if weather conditions improve, Foreign Direct Investment (FDI) inflows accelerate, the banking system stabilises, and budgeted, capital spending is executed without delaysPrivate foreign investment in the oil sector could help support the recovery of growth, following the issuance of exploration permits. Uganda has introduced ambitious public sector reforms in the past two decades. This has resulted in the creation of a robust formal governance system and has helped improve public sector management and institutional quality.

Experience

• Tessa Brewis and Elnalene Cornelius were involved in the acquisition of TBH Media by Dentsu Aegis Network (Uganda and Tanzania).
• Tessa Brewis and Elnalene Cornelius assisted with Association Agreements entered into with local media business partners for Dentsu Aegis Network (Kenya, Uganda, Tanzania Nigeria, Ghana, Benin, Malawi and Madagascar).