Uganda, Jan. 21 -- A new report by a London-based financial information services company has revealed that spending activity in Uganda will continue strengthening in 2024.

The report by Fitch Solutions titled Uganda 2024 Consumer Outlook shows that there will be robust real household spending (at 2010 prices) growth in the country, representing a 6.3 percent year-on-year growth.

"This will take total household spending (at 2010 prices) from Shs63.8 trillion in 2023, to Shs67.9 trillion over 2024. Controlled levels of inflation will underpin stronger demand, as consumers begin to see improvements in purchasing power, driving accelerated growth in consumer spending," the report shows.

It, however, shows that rising household disposable i...