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 growth solid in Q4 2021
Uganda's economy ended 2021 on a high note, its continued expansion in the fourth quarter marking four consecutive quarters of growth and a rebound in full-year growth
Inflationary pressures persist as business activity hits 9-month high in February
Private sector activity expanded in February, accelerating the most in nine months after the phased removal of pandemic restrictions, but a rise in input and labour costs saw companies raise output prices yet again
Central bank holds interest rates steady citing need to support recovery
The Bank of Uganda on Monday held its key lending rate unchanged for the fifth consecutive meeting citing the need to support economic growth and on-target inflation
Business activity rises to 8-month high as economy reopens
A gauge of Uganda private sector activity rose to its highest level in eight months, a sign that the economy is regaining momentum following the relaxation of Covid-19 restrictions
Stronger demand and rising orders spark employment growth
Uganda's private sector posted its fourth month of consecutive growth as strong orders incentivised companies to increase staffing levels for the first time in six months
Uganda’s economy shrinks for the first time in decades in 2020
Uganda’s economy shrank in 2020 for the first time in more than a decade as measures to control the coronavirus pandemic ground several sectors to a halt, figures published on Monday showed
GDP growth in last quarter of 2019 slows on lower mining output
Economic growth in Uganda slowed down in the last three months of 2019 amid a decline in mining and quarrying output, according to seasonally adjusted estimates from the Uganda Bureau of Statistics
Uganda’s economy growing but not braced for shocks, says World Bank
Uganda gross domestic product grew faster than initially predicted in the 2018-2019 fiscal year, but the growth is still not fast enough for the government's lower middle-income status and poverty reduction ambitions
Inflation picks up a notch in October
Prices for food crops and related items, particularly fruits and vegetables, helped push Uganda consumer prices a notch higher in October and to their highest level in three months
Uganda GDP growth flat on slower taxes on products
Economic growth in Uganda failed to bounce back in the fourth quarter of 2018/2019, after a slowdown in the first three months of 2019, following slower growth in taxes on products and the services sector
