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Standard Chartered Bank’s Razia Khan: Even with FID Out, Uganda’s economy will improve only gradually

Standard Chartered Bank head of Africa Research Raziah Khan

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“While Uganda will become an oil producer in the years ahead, we see only a gradual return to the pre-COVID growth trend of c.6%. We now forecast growth of 5.1% in 2022 (6.0% prior) and 6.6% in 2023 (7.0%), when oil-related construction activity should gain momentum,” says Razia Khan, Chief Economist & Head of Research, Middle East & Africa, Standard Chartered Bank The Final Investm

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