October - December 2016 •
The Lion King
• 25
Victoria Nile River, Uganda
Arising from Lake Victoria, the Victoria Nile
river forms the upper section of the Nile River
(World’s longest river which flows through
Northeastern Africa into the Mediterranean Sea)
and flows about 300 miles.
Country Focus
year 2015/16, the economy grew by
4.8 per cent in real terms. Uganda’s
real GDP growth forecast remains
unchanged at around 5 per cent for
2016/17, 5.5 per cent for 2017/18 and
6.0 per cent for 2018/19.
Uganda’s inflation remained largely
stable and in single digits in the finan-
cial year 2015/2016. Annual head-
line inflation was recorded at 5.4% in
May 2016. Consumer prices in Uganda
has a population of 39 million people,
55% of which are under the age of 18
years.
ECONOMY
Uganda’s economy has impressively
remained resilient amidst a volatile
global environment. Over the last five
years, Uganda’s real GDP growth has
averaged 4.5 per cent. In the financial
Queen Elizabeth II as head of state.
In October 1963, Uganda became a
republic but maintained its member-
ship in the Commonwealth of Nations.
The official language spoken in
Uganda is English. Luganda, a cen-
tral language, is widely spoken
across the country alongside several
other languages including Runyoro,
Runyankole, Rukiga, and Luo. The
country has a total of 112 districts and
