Ukraine Agribusiness Q1 2019
We believe that Uganda's commercial vehicle segment will lead its automotive sector in terms of growth over our2019-2027 forecast period, this will occur as the country's nascent oil industry develops and its logistics infrastructure develops tosupport its oil sector. We expect total vehicle first registrations to expand by 6.9% in 2019 and for first registration to average annualgrowth of 9.6% over the remainder of our 2019-2027 forecast period. Breaking down our forecast for 2019, we expect thepassenger vehicle segment to expand by 4.6% and for the commercial vehicle segment to expand by 7.5% over the same period.
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