Uganda’s economy is projected to grow 7.2 percent this year and 8 percent in 2011 due to robust trade within the region. Finance Minister Syda Bbumba said the nation’s new oil fields are expected to start producing refined fuel for export in the next four years, The New Vision reports. Meanwhile, former Ugandan rebel group Allied Democratic Forces is regrouping inside Congolese territory. Ugandan army spokesman Felix Kulaigy said that the government is still monitoring the activities of the group. Political analyst Andrew Mwenda doubts that the rebel group will pose any threat to the nation’s oil sector, Reuters reports.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.