By Debbra Mugaga Muyinza, Vice President, Diversified Industries Uganda’s gold story has reached a defining moment. The question is no longer whether the country has gold, or whether the mineral can earn foreign exchange. It is whether Uganda can turn…
Uganda wants Italian investors to move beyond buying its coffee, milk and minerals to processing them locally, transferring technology and manufacturing finished products for regional and international markets. The Uganda–Italy Business and Investment Forum in Rome has opened discussions around…
Uganda’s National Social Security Fund has delivered its biggest return in four decades, but the record payout also highlights a much larger question: how many Ugandans are saving consistently enough to benefit from long-term investment? For the financial year ended…
Uganda’s external position is improving, but the shilling is telling a more complicated story. In the 12 months to June 2026, Uganda recorded a US$2.39 billion balance-of-payments surplus, more than double the US$1.03 billion recorded a year earlier. International reserves…
Uganda has moved closer to one of its most ambitious economic targets. The economy, according to Trade and Industry Minister Sanjay Tanna, has grown from roughly $50 billion when the government set out its $500 billion ambition to about $69…
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’s ambition to transform its economy tenfold will require more than public spending and government programmes. It will require private capital to flow into businesses capable of driving productivity, jobs, exports and value addition. The latest results from Stanbic Uganda…
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 wants more of the world to come to her and more of what it produces to reach the world. That ambition is increasingly visible in its plans to grow tourism, expand exports and use major international events such as…
Uganda is building up its financial reserves, but the strategy is exposing a bigger question about the country’s economic resilience, can Uganda generate enough foreign currency to make those reserves sustainable? The Bank of Uganda has begun buying locally produced…
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…
“SMEs account for over 70% of Uganda’s private sector activity, yet many continue to face challenges including limited access to finance, cash flow constraints, and the need for digital transformation. Through our new Business Banking proposition, we are providing businesses…
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…
For years, Ugandan manufacturers have battled an uncomfortable question in international trade circles; Can locally manufactured products truly compete at global standards? That question is now being answered not through promises or policy speeches but through certification, compliance, exports, and…