Uganda’s economic outlook is positive, with economic growth expected to accelerate to between 6.5 to 7 percent in 2026 and double-digit growth when oil starts to flow.
Generally, the economy is expected to be buoyant in all sectors of the economy, including agriculture, industry, and services.
The positive economic outlook is due to:
- Strategic initiatives, including the Parish Development Model (PDM), Emyooga, and infrastructure investments, are bringing new productive capacity into the economy.
- Oil production in 2026.
- Increased FDI, especially in extractive industries and agro-processing.
- Peace, security, and political stability.
- Continued strong growth in exports.
- Stable macroeconomic environment favourable to private sector growth and profitability, characterized by low inflation and a stable exchange rate.
- Value addition in ATMs like coffee, livestock, food, fruits, fish, and minerals.
***
