Economic activity

Entrance to the personal banking section of a bank

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

An aerial view of a bright green Evergreen shipping container being transported on a red automated guided vehicle across a paved port terminal.

Purchasing Managers’ Index

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

The offices of the Ministry of Finance and Economic Development in Kampala

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

High-angle view of an expansive industrial warehouse showing systematic stock accumulation in yellow bins and tiered racking.

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

A polling station at an unknown location in Uganda

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

A flatbed lorry loaded with stacks of cement bags on a street in Jinja, Uganda.

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

A high view of a large storage area with various racks and containers

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

An outdoor discussion, with two female panellists seated in the chair, and other female holding a microphone and standing, as well as an audience

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 pressures

Various currency notes of African countries are seen in this photo

Stronger currencies ease inflation pressures across sub-Saharan Africa

Strong currencies have helped curb inflation in several sub-Saharan African countries, giving central banks room to ease interest rates and stimulate business activity

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