Economic activity
Economy grows 6.6% despite quarterly slowdown
Uganda’s economy expanded in April–June, but weaker services slowed quarterly growth and household spending barely increased
Private sector picks up pace in April despite fuel-driven cost pressures
Uganda's private sector expanded for a 15th month as the PMI rose to 55, though rising fuel costs and a declining BTI weighed on firms
Fuel costs temper steady private-sector expansion at quarter-end
Uganda’s PMI rose to 54.3 in March while BTI eased, as fuel costs and weak construction tempered momentum
Uganda’s oil moment approaches — but the risks are multiplying
Uganda's first oil is due in H2 2026, but timing risks, fiscal pressures, and a Middle East conflict cloud the outlook
Business conditions strengthen in February
The Stanbic Bank Uganda PMI jumped to 54.2 in February as output, employment, and new orders all rose across monitored sectors
Private sector extends growth streak to a year
Uganda's PMI reading of 52.6 extended the private sector's growth streak to a year, despite some disruption from the election period
Private sector growth gains momentum at year-end
Business conditions in Uganda’s private sector strengthened at the close of 2025, with growth edging higher in December according to the latest survey of purchasing managers
Private sector growth accelerates in November
Business conditions in Uganda's private sector strengthened in November, with growth accelerating for the second time in three months, according to a closely watched survey
IMF upgrades sub‑Saharan Africa forecast as reforms blunt external shocks
The IMF has raised its growth forecast for sub-Saharan Africa, crediting improved macroeconomic management in several large economies and resilience amid external pressuresMore Economic activity
Stronger currencies ease inflation pressures across sub-Saharan Africa
Strong currencies have helped curb inflation in several sub-Saharan African countries, giving central banks room to ease interest rates and stimulate business activity
Business conditions improve for first time in four months
September PMI data shows Uganda’s private sector strengthened for the first time in four months
Private sector activity slows in August
Business activity in Uganda's private sector continued to expand in August, albeit at a slower pace, according to the latest purchasing managers’ index produced by S&P Global
Gauge of business activity slips in July
A measure of business conditions in Uganda's private sector pulled back to its lowest level in four months, although it remained in expansion territory
Business activity edges down in June, but still solid
A gauge of business conditions in Uganda's private sector expanded at a solid pace in June, though weaker than the prior month, as new orders and output continued to strengthen
Uganda economy grew at 7.4% in first quarter
Uganda’s economy grew 7.4 per cent in the first quarter of 2025, driven by increased activity in food crop production, trade and repairs, and construction
Uganda economic activity hits highest in almost 2 years
Business activity in Uganda's private sector expanded at its fastest pace in 23 months during May, a private survey showed Thursday
Business activity slows in March
Activity in Uganda's economy contracted for the first time in 20 months in March, according to an official survey, as a drop in money supply suppressed consumer demand
Private sector credit growth drops in December
Lending to the private sector slowed in December due to a decline in microfinance loans and stagnant growth in commercial bank loans
Economy shows signs of slowing as mining activity pulls back
Business activity slowed in January, according to a survey of private sector purchasing managers
