The World Bank in Uganda

Real GDP growth is expected to accelerate to 6.6% in FY26, mainly driven by investments in the oil sector. With the advancing preparation of the drilling fields and supportive infrastructure, oil exports are expected to commence by end of 2025. However, timing may slip if some of the financing, anticipated from external creditors, is delayed.

Uganda Economic Update: 23nd Edition

Improving Public Spending on Health to Build Human Capital
UPDATE

Consultations on Inclusion and Non-Discrimination in World Bank-Financed Projects in Uganda
STATEMENT

World Bank Group Statement on Uganda

Uganda At-A-Glance

Economic growth has accelerated slightly despite external shocks. GDP grew by 5.3% during the first quarter of FY24, supported by an oil-related construction boom and robust growth of agriculture, despite volatile weather conditions. An uptick in private investments and employment growth reinforced domestic demand deeper into the year, with sustained increases in output, new orders, and employment. Hence GDP is expected to grow by an estimated 6.0% in FY24.

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Project Highlight

Development Response to Displacement Impacts Project

The project aims to improve access to basic social services, expand economic opportunities, and enhance environmental management for both refugees and communities that host them.

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R. Mukami Kariuki

Country Manager

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