On Uganda’s transformation

As Ugandans go to the polls, we recall our analysis from the African Transformation Report:

After more than a decade of political instability and economic decline, Uganda began to turn the corner in the second half of the 1980s. An economic recovery program introduced in 1987 put the economy back on a growth path. Uganda has since had two decades of very strong economic growth, with GDP growth averaging 5.8% in the 1990s and 6.7% in the 2000s. Despite the impressive growth performance, the structure of the economy has merely shifted from low-productivity agriculture to services dominated by equally low–productivity small businesses. Production processes remain low in skill and technology application. Poverty rates declined from 64% in 1996 to 38% in 2009 (share of population living on less than $1.25 a day).

Read the full analysis @ http://africantransformation.org/2014/02/07/uganda/

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