Uganda Targets Export, Oil-Led Growth

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Uganda is targeting higher economic growth through expanded exports and the start of commercial oil production. The Uganda Free Zones and Export Promotions Authority aims to raise total export revenues to $26 billion by scaling up Free Zones and Special Economic Zones. Separately, the government expects oil production from western Uganda to commence in 2026/2027, which is expected to boost revenues, manufacturing, and GDP growth to double-digit levels, according to official and World Bank projections.