Uganda’s upturn awaits

Published 25 July 2023

Despite Uganda’s cement market remaining flat in FY21-22, expectations are for a revival in demand growth with the introduction of new infrastructure and housing plans. The country’s domestic industry remains reliant on the import of major input materials, including clinker, while the surplus cement situation looks set to continue. By Jagdeep Verma, Holtec Consulting Pvt Ltd, India.

While Uganda’s economy contracted in FY19-20, the following two years saw a pick-up that is now leading

to expectations of greater infrastructure and housing investment (© alarico)

Uganda is a landlocked country in east Africa with a population of approximately 45m. The economy contracted in FY19-20 (July 2019-June 2020) but bounced back strongly in FY20-21 and FY21-22, growing at around five per cent each year in terms of real GDP growth. The main economic drivers include the services and industrial sectors.

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