ANDREW M. MWENDA | August 14, 2017 | Last week I used the Entebbe Express way to go to the airport (see the magnificent picture below). A journey that usually takes two hours when traffic is bad took me only 25 minutes.
Investment in these infrastructures
Necessary because growth has made many Ugandans richer and as they have grown richer, many of them have bought cars and thereby creating traffic congestion on the roads.
Between 2005 and 2016, the rate of car registrations has grown by 300% while the population has increased by only 30%, a ten fold ratio.
Affordable because state revenues have grown from Shs 281 billion in 1992 when URA was created (or 1.4 trillion in 2017 prices) to Shs 14.5 trillion today.
Export earnings (from which Uganda earns foreign exchange to pay for her foreign debts) have also grown from $200m in 1990 ($374m in 2017 prices) to $5.5 billion in 2016.
There are many problems with Uganda’s economy today and indeed it’s rate of growth has slowed down from a peak of 8% in 2008 to a low of 4.6% last year.
May be Ugandans need to anoint me emperor of this fair land so that I can take growth above 10%. But for now we need to appreciate the good things happening in our country like this expressway. Congratulations