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Uganda

Republic of Uganda

English, Swahili Ugandan Shilling (UGX) English common law, customary law
AU, EAC, COMESA, AfCFTA, Commonwealth, WTO

Uganda is an East African economy with strong agricultural foundations and emerging oil and gas potential. The country's Lake Albert oil fields (operated by TotalEnergies and CNOOC) and the East African Crude Oil Pipeline (EACOP) to Tanzania's Tanga port represent transformative investments expected to begin production soon.

Agriculture employs approximately 70% of the population, with coffee as the primary export commodity (Africa's largest exporter of robusta coffee). The services sector, particularly financial services and telecoms, has grown significantly. Kampala is emerging as a startup hub with companies like SafeBoda and Tugende.

Challenges include high youth unemployment, infrastructure gaps, and governance concerns. Uganda benefits from EAC membership providing access to a 300+ million person market.

Snapshot

Population~51.4 MWorld Bank, 2025
GDP (current USD)$62.0 BWorld Bank, 2025
GDP per Capita$1,206World Bank, 2025
GDP Growth6.33%World Bank, 2025
Inflation (y/y)~3.58%World Bank, 2025
CBR (Bank of Uganda)9.50%Central Bank
Unemployment2.75%World Bank, ILO modelled estimate, 2025
Internet Use~8.95%World Bank, 2024
Electrification~42.00%World Bank WDI
CPI Score (Rank)26.0/100 (#141)Transparency Intl
HDI (Rank)0.550 (#166)UNDP HDR
Credit RatingB- (S&P) / B2 (Moody's) / B+ (Fitch)S&P / Moody's / Fitch
MarketUganda Securities Exchange (USE)

World Bank Indicators Compare with another country

GDP (current USD)$62.0 BWorld Bank, 2025
GDP growth (annual)6.33%World Bank, 2025
GDP per capita (USD)$1,206World Bank, 2025
Population, total51.4 MWorld Bank, 2025
FDI net inflows (USD)$3.3 BWorld Bank, 2024
Inflation (consumer prices)3.58%World Bank, 2025
Unemployment (% labour force)2.75%World Bank, 2025
Internet use (% of people)8.95%World Bank, 2024
Trade (% of GDP)50.20%World Bank, 2025

Country Facts

CapitalKampala
RegionEast Africa
CurrencyUgandan Shilling (UGX)
FX RegimeFree float
Stock ExchangeUganda Securities Exchange (USE)
Investment Promotion AgencyUganda Investment Authority (UIA)
Legal SystemEnglish common law, customary law
Time ZoneAfrica/Kampala

Focus Sectors

Agriculture (coffee
tea
fish)
Oil & Gas (Lake Albert)
Mining
Tourism
ICT
Manufacturing
Construction
Financial Services
Education
Healthcare

Regulations & Taxes

Corporate Income Tax30% standard
VAT / Sales Tax18% standard

Recent Deals (10)

View All Deals
GrowthJan 2023
$30M

Raxio Data Centers

Series AJun 2022
$5M

Awamo

GrowthJun 2022
$15M

Tugende

Lead: Toyota Tsusho

Pre-Series AMar 2022
$2M

Eversend

Pre-Series AMar 2022
$2M

Eversend

Debt FacilityJan 2022
$10M

Tugende

Lead: Toyota Tsusho

Pre-Series AOct 2021
$2M

Numida

Lead: Breega

SeedJun 2021
$1M

Xente

Series BNov 2019
$5M

SafeBoda

Lead: Allianz X

Series AJun 2018
$6M

SafeBoda

Lead: Allianz X