May 20, 2014

Uganda Among Least Expensive Countries In Africa

Although many a Ugandan complain that the cost of living in the country is high, latest statistics reveal that this East African nation is one of the least expensive on the African continent.
Prof Prof. Mthuli Ncube, Chief Economist & Vice-President, @AfDB_Group
Prof Prof. Mthuli Ncube, Chief Economist & Vice-President, @AfDB_Group

This was revealed Monday by Mr Pali Lehola, a South African statistician General at the ongoing African Development Bank Group Annual meeting in the Rwandan capital, Kigali.

 

“Uganda, Egypt and Ethiopia are the least expensive countries in Africa while #Gabon, #Angola and South Africa, most expensive” Mr Pali said.

 

He also revealed that Uganda Uganda and Ethiopia have the lowest food prices on the continent.

 

Gabon and Equatorial Guinea have the highest.

 

The Annual Meetings are African Development Bank Group Board of Governors meeting. They are provided for in article 31 of the Agreement Establishing the financial institution.

 

The African Development Bank Group founded in 1964 is also celebrating its 50 years of existence this year.

 

The bank launched its golden jubilee celebrations on April 22 in Tunis in a colorful ceremony mingled with sober reflections on the Bank’s development journey and how to tackle Africa’s future challenges.

 

The group also launched the African Economic Outlook (AEO) Report 2014.

 

It is meant to share findings of this premier collaborative flagship publication by the AfDB, OECD Development Centre and the United Nations Development Programme (UNDP).

 

Prof Prof. Mthuli Ncube, Chief Economist & Vice-President, @AfDB_Group declared the African Economic outlook report 2014 launched.

1 thought on “Uganda Among Least Expensive Countries In Africa

  1. Uganda is surely a cheap and lovable country.Move African and you will tell.Thats why it was called the Perl of Africa Long live Uganda.
    In Egypt one can see the friendliness along the streets with shisha and coffee in the evening not forgetting the enormous cheap fruits along the streets og Cairo and other towns.There is something that ties them THE Nile begun in Uganda ends in Egypt

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