KAMPALA, Jan 30 (Reuters) - Uganda's economy is projected to expand between 6.5% and 7% in the financial year starting July, sharply down from a previous estimate of 10.4%, the finance ministry said, without citing an explanation for the revision.

The ministry provided the latest growth forecast in a post on the X platform late on Thursday.

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In a budget paper in December, the ministry had projected Uganda's economy to grow 10.4%, supported by the start of oil production.

The country plans to begin pumping crude from reserves in its western fields, operated by France's TotalEnergies (TTEF.PA) , opens new tab and China's CNOOC (600938.SS) , opens new tab.

https://www.reuters.com/business/energy/uganda-lowers-annual-growth-forecast-65-7-start-crude-output-west-2026-01-30/