Why Ugandans Are Getting Poorer? UGIndependent: Uganda
Overall, Ugandans are better off today than they were 10 years ago, according to a report published on Feb.28 by the Legatum Institute, a London-based think-tank. On specifics, however, many Ugandans are far worse off than they were back then.
It has also been ranked very highly on access to electricity with the report noting how it has tripled from 12% in 2010 to 42% in 2020. The report also notes that the country recently launched a last-mile connectivity project, aimed at increasing rural electricity access, which according to the government has increased it to 57%.
They add:"Prosperity is built when leaders make choices to develop a society that works for everyone - a society that is inclusive and has a strong social contract that protects the fundamental liberties and security of each individual." Entitled the"Prosperity Index 2023", the Legatum Institute report, just like World Bank, the Atlantic Council, and the Institute for Global Prosperity , routinely measure prosperity and release reports. Their definitions of prosperity vary based on who is measuring it, the type of measurement used, and what is being measured.
Such countries also have healthy natural environments and conditions that promote economic prosperity through features such as protection of investments, favourable business regulations and a healthy market infrastructure. These elements represent some of the 12 indices that are analyzed and weighted.The Legatum Prosperity Index is in its 16th year and measures what it defines as prosperity in 167 countries around the world representing close to 99% of the world's population.
Overall, however, the region saw an improvement in its prosperity in the last decade. In particular, sub-Saharan Africa saw the greatest progress in infrastructure and market access with Guinea, Botswana and Gabon experiencing the largest improvements in the pillar in the region. Sub-Saharan Africa also saw the greatest deterioration in safety and security out of all regions, with Mali, South Sudan and Cameroon deteriorating at the greatest rate. Particularly, it is the increase in terrorism and civil conflict that led the decline in the pillar.
Meanwhile, Côte d'Ivoire has seen its prosperity improve more than any other nation in the past decade. The country's governance improved at the highest rate globally in this period. "This led us to analyse the performance of the bottom 40 countries in 2023 and compared them with other countries over the last decade. We wanted to know if the development gap was widening or narrowing. So, we asked: Is prosperity in the world converging or diverging?"
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