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Kampala has witnessed rapid development over the last decade, especially in the Entebbe, Kampala-Jinja Road and Wakiso districts. However, high-quality real estate is limited, while current construction and financing costs are acting as a deterrent to development. Future foundations look strong though, with oil revenues likely to stabilise the currency and reduce the cost of capital, and gold and copper mining continuing as the country’s main earners. This will help to draw international investors and businesses, as will Uganda’s demographics, which are very youthful, even by African standards.
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04 March 2015