The Economy of Uganda
Recovery and Reform Under Museveni
After 1986, President Museveni stabilised the economy, liberalised trade and welcomed donors and investors, leading to years of strong growth.
Peace and reform.
1986
A war-torn economy was rebuilt after Museveni took power.
Reforms
Prices, exchange rates and trade were liberalised, and privatisation followed.
Growth
GDP grew at around 6 to 7 per cent a year for two decades.
Concerns
Long rule, governance issues and corruption complaints.
A stable currency
After the 1980s, the shilling stopped collapsing.
Assuming growth always reduces poverty equally
Distribution matters.
Key takeaways
- Reforms began in 1986.
- Growth averaged 6-7%.
- Liberalisation attracted investors.
- Governance concerns persist.
No recording for this one yet - EconReader can read it aloud for you.