Uganda was supposed to produce its first commercial oil by July 31, 2026. That deadline has passed, and First Oil has now been pushed to before the end of June 2027. Yet this is not a story of an oil…
Pearl Bank says “When You Grow, Uganda Prospers.” The more interesting question is whether the economics behind that promise can be seen and measured. Consider a maize farmer in Rakai. He has land, a crop to grow and potentially a…
Uganda’s US$500 billion economic ambition comes with a financial requirement that is almost as striking as the target itself, private-sector credit will have to rise from roughly Shs30 trillion today to more than Shs490 trillion by 2040. That means the…
Uganda is about to find out whether having more dollars is the same thing as having a stronger currency. As the country moves closer to commercial oil production, billions of dollars could begin flowing through an economy that already depends…
Uganda’s trade with China is booming, but almost entirely in one direction. In 2025, Uganda imported $3.3 billion worth of goods from China while exporting just $118 million. That means for every dollar Uganda sold to China, it bought roughly…
The global competition for investment is changing. Capital is available, but it is becoming more selective about where it goes, what it builds and the returns it can generate. For developing economies, this means the competition is no longer simply…
For decades, Uganda’s economic ambitions have been built around one central question: how do we produce more? The answer has shaped national policy conversations for years, increase agricultural productivity, expand manufacturing, attract investment, promote value addition and create industries capable…
When Uganda Airlines was revived in 2019, much of the conversation centred on restoring national pride, reconnecting Uganda to international destinations and rebuilding direct air links. Those objectives remain important. But as Uganda’s economy expands and its export ambitions grow,…
One year ago, one of Uganda’s leading homegrown commercial banks embarked on one of the most significant transformations in its history. The institution formerly known as Post Bank Uganda unveiled a new identity as Pearl Bank, signalling far more than…
“To achieve growth from 50–60 billion dollars to 500 billion dollars is now extremely easy. We already have the roads and infrastructure in place; all we need is funding,” Tanna said. For more than two decades, Uganda has pursued a…
For generations, Uganda’s economy has been defined by what leaves its borders. Coffee is shipped to Europe and Asia. Gold enters international commodity markets. Tea, fish, flowers and agricultural products move through regional and global supply chains. Export growth has…
Uganda has set itself one of Africa’s most ambitious economic targets: expanding its economy from approximately US$50 billion today to US$500 billion by 2040. If achieved, the transformation would fundamentally reshape the country’s economic standing, strengthen its influence within East…
Uganda has set itself one of the most ambitious economic targets anywhere on the African continent: expanding the economy from approximately US$50 billion today to US$500 billion by 2040. If realised, the target would fundamentally alter the country’s economic position…
President Yoweri Museveni’s 2026 State of the Nation Address has placed Uganda’s next policy cycle firmly in motion, with the Government set to table 38 Bills, policy frameworks, reports and statutory instruments before Parliament in the 2026/27 financial year. While…
NCBA Bank Uganda has reaffirmed its commitment to strengthening Uganda’s financial markets, positioning the sector as a critical enabler of the country’s economic transformation ambitions. The bank’s Global Markets Division participated in the ACI Financial Markets Authority (FMA) Uganda Dealers’…