Uganda still low-income as Kenya, Tanzania hold lower-middle-income status

Traders display their groceries in Uganda.

Photo credit: Reuters

Uganda will once again remain in the low-income category among economies of the world, even as peers Tanzania keeps pace with Kenya. And many experts have debated why Kampala hasn’t risen in stature as its neighbours did.

As it is, the classification by the annual World Bank, which comes out every July, has implications beyond its borders and ability to attract affordable development financing.