Uganda to Spend $26 Billion on Development, Monitor Reports


April 20 (Bloomberg) -- Uganda intends spending 54 trillion shillings ($26 billion) on a five-year national development plan expected to raise citizens’ wages to middle-income levels by 2015, the Daily Monitor reported.

The plan may enable the country to increase average annual salaries 1.8 million shillings from 1 million shillings, the Kampala-based newspaper reported, citing President Yoweri Museveni. The plan will focus on investing in the energy, railway, water, air transport, health and education industries, it reported.

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