The Minister of Uganda for Finance, Hajjati Syda Bbumba has said Uganda’s economy will grow at over 7 percent in 2011.
Bbumba says Uganda’s economy is rapidly growing because East African third largest economy has discovered oil fields in Western, northern and some parts of Buganda kingdom.
She says Uganda holds up to over two billion barrels and the country will start producing refined fuel for export in 2014.
Bbumba says Uganda was not greatly affected by the global financial crisis.
She has urged investors from across the world to invest in Uganda’s economy.
Bbumba says Uganda’s economy has good financial regulations and good banking sector conducive for doing business in Uganda.