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
Economic activity gauge jumps as demand grows
A measure of private sector activity rose to a six-month high in December as an increase in demand led to a rise in new orders and output
GDP grew 5.5% in third quarter, driven by output in the industrial sector
Industrial and agricultural sectors expanded at healthy pace compared to previous quarter, while services sector slowed down
Stanbic Uganda November PMI rises to four-month high
Closely watched measure of private sector health rose for thirteenth straight month on stronger customer demand
Private sector activity slowed in October, PMI shows
Business activity in Uganda's private sector slowed in October as the services, wholesale and retail sectors reported declines, according to a closely watched survey
Economic growth climbs to four-year high
Uganda's economy grew by 5.2 per cent in the twelve months to June, according to unadjusted Ubos estimates, which is still below pre-coronavirus pandemic levels
Private sector lending rises to six-month high in August
Credit to Uganda's private sector rose to a six-month high in August as the economy continued a slow but steady recovery path, the central bank said on Tuesday ahead of its policy rate meeting
Private sector activity edged higher in September
A key gauge of activity in Uganda's private sector edged up in September, after slowing in August, as agriculture swung to an expansion to ensure that all the five sectors covered by the survey improved
Economy surges in second quarter
GDP growth picked up strongly in the second quarter of the year due to increased activity in the mining and quarrying sub-sector and the services sector
Loan growth weak in July
Loan growth at commercial banks was muted in July, underscoring the central bank's decision to ease monetary policy last month as it tries to boost economic growth
Growth in business activity slowed in August, Stanbic PMI shows
Stanbic Bank Uganda's purchasing managers' index receded for the third straight month in August as rising financial pressures stifled demand
