Moody’s expects growth to accelerate to a rate of 6-7% over the medium-term horizon, on the back of the developments in the oil sector, ongoing investments in transport and energy generation infrastructure to address structural constraints, and favourable demographic trends.  These dynamics are balanced by the economy’s small size, vulnerability to climate-related shocks, and low wealth levels, limiting shock-absorption capacity.  Moody’s said Uganda’s prospects over the longer term will be shaped by progress in oil sector investment.