Uganda

Transparency Snapshot

Uganda is considered one of the fastest-growing economies in Africa, historically driven by agricultural exports including coffee, tobacco and fish. For many years, Uganda struggled with severe poverty, corruption and civil conflict, but has seen strong economic growth in recent years thanks to macroeconomic and structural reforms.

With the 2006 discovery of an oil reserve estimated at 800 million recoverable barrels, Uganda now has the potential to accelerate its growth and diversify its economy.

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Extractive Industries

Historically, Uganda's economy has been based on agriculture, relying heavily on coffee, tobacco and fish exports. Approximately 70-80 percent of the population is employed by the agricultural industry. Uganda's extractive industry activities have focused on commercial mining of cobalt, gold, copper, iron ore, tungsten, steel, tin and other industrial minerals such as cement, diamond, salt and vermiculite.
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