Uganda’s foreign exchange reserves continue to remain stable at around 4.5 months of import cover. While larger current account deficits and larger debt levels are projected for the coming years due to infrastructure investments, Credendo does not expect this to impact liquidity.
16 Oct 2018
East Africa: Strong infrastructure investments push up public and external debt levels
Highlights Large infrastructure projects have been a strong driver of real GDP growth in East Africa. Due to the infrastructure investments the ...