Uganda’s Finance Minister, Matia Kasaija, projected an economic growth rate of 7% for the fiscal year 2025/26. This figure shows a slight increase from last year’s growth of 6.3%. The government expects oil and gas production to boost economic activities further and raise growth rates in the medium term.
The government’s Tenfold Growth Strategy sets a vision to expand the economy to USD 500 billion within 15 years. The plan includes major investments in infrastructure, energy, and industrial sectors. It also highlights the need to diversify the economy and improve productivity across key areas to maintain sustainable growth.
Experts warn that external debt and potential delays in oil production could slow the projected growth. Authorities are urged to address these challenges quickly. Sound fiscal policies and a business-friendly environment are crucial to reduce risks and sustain growth.
Overall, Uganda’s economic outlook for FY2025/26 remains positive, with a 7% projected growth rate. Reaching this target requires careful resource management, timely completion of infrastructure projects, and proactive handling of debt and oil-related challenges. The government’s focus on its growth strategy will play a key role in shaping Uganda’s economic trajectory in the coming years.
