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During this period, the Ugandan economy experienced economic transformation: the share of agriculture value added in GDP declined from 56% in 1990 to 24% in 2015; the share of industry grew from 11% to 20% (with manufacturing increasing at a slower pace, from 6% to 9% of GDP); and the share of services went from 32% to 55%.
The first Ugandan shilling (UGS) replaced the East African shilling in 1966 at par. Following high inflation, a new shilling (UGX) was introduced in 1987 worth 100 old shillings. The shilling is usually a stable currency and predominates in most financial transactions in Uganda, which has a very efficient foreign exchange market with
[7] [8] He is credited with many of the sound economic policies adopted by the Uganda government at the urging of the central bank during the 1990s and the first decade of the 2000s. [ 5 ] [ 9 ] Since 2006, he was a visiting professor in the Department of Economics at Makerere University, the oldest and largest university in Uganda.
Setting these priorities helped improve Uganda's credentials with international aid organizations and donor countries of the West, but in the first three years of Museveni's rule, coffee production remained the only economic activity inside Uganda to display consistent growth and resilience. [2] In 1987 GDP rose 4.5 percent above the 1986 level ...
Some countries have not changed their currency despite being post-colonial, for example Uganda retains the Ugandan shilling. Many African countries change their currency's appearance when a new government takes power (often the new head of state will appear on bank notes), though the notional value remains the same.
Infrastructure development is a major part of World Bank aid to Uganda and generally involve urbanizing and transportation objectives. One such project is the Uganda Support for Municipal Development Project (USMID), which is a US$150 million IDA led project that began in 2013 with potential plans to expand since 2018.
An analysis of 2024 Google search data revealed the top health questions asked by Americans. A registered nurse provides answers to the seven most common inquiries.
1 February – The East African Community reviews its treaty. [1]5 February – Ugandan climate activist Vanessa Nakate, 23, complains about racism as she is cropped out of a photo published by the Associated Press in which she originally appeared with Greta Thunberg, Isabelle Axelsson, Luisa Neubauer and Loukina Tille at the World Economic Forum in Davos, Switzerland.