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13 May
10:59

Oil investments, revenue support Uganda construction: Fitch Solutions

Uganda's construction industry growth is forecast to average 6.7% per year between 2022 and 2026. It will be driven by the development of the Lake Albert oil fields and investment in supporting infrastructure, such as the 1,445km-long East Africa Crude Oil Pipeline (EACOP), Fitch Solutions says. The combined trend of increased construction activity and oil revenue will provide a boost to the country’s steel demand, Kallanish notes. Support should …
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