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TowerCo Uganda USD40mn Funding To Support 5G Growth

Telecommunications / Uganda / Fri 08 Mar, 2024

Latest Developments: TowerCo of Africa Uganda (TowerCo Uganda) has secured USD40mn from European investors to expand rural mobile coverage. The investment will fund 506 new telecom towers to alleviate network congestion and fill coverage gaps in under-served areas.

This development is a positive step forward for Uganda's digital

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Stronger Growth For Uganda In 2024

Country Risk / Uganda / Tue 26 Sep, 2023

Key View

  • We forecast that real GDP growth in Uganda will slow to 5.5% in 2023, from an estimated 6.4% in 2022.
  • The slowdown will be caused by subdued private consumption growth, alongside a weak outlook for government consumption due to the World Bank’s decision to suspend funding in response to the Anti-Homosexuality Act.
  • In 2024
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Ugandan Current Account Deficit Will Widen Further In 2024

Country Risk / Uganda / Tue 12 Sep, 2023

Key View

  • We forecast that Uganda’s current account deficit will widen from an estimated 9.5% of GDP in 2022 to 9.7% in 2023, chiefly reflecting above-trend import growth.
  • In 2024, the deficit will widen further to 9.9% as export growth, constrained by lower coffee prices, trails import growth (stemming from demand for consumer goods and
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