Uganda’s economy will grow at 3.5% for the financial year ending June 30th 2017 according to the recent International Monetary Fund (IMF) report. Uganda’s economy was estimated to grow at 5% for the FY 2016/17. Due to the prolonged drought and slow private credit growth in the second quarter of 2017, it brings the economic forecast down to 3.5% from the earlier 5%. According to IMF, the improving weather conditions could still push the economy reach the previous economic forecast of 5%. Headline inflation currently stands at 6.8%, and core inflation at 4.5%. The government also says it needs to…