Uganda’s economy has continued to register steady growth despite ongoing global and domestic challenges, Finance Minister Matia Kasaija announced on Monday.
While addressing the press at the Uganda Media Centre in Kampala, Kasaija revealed that the country’s economy expanded significantly in the 2024/25 financial year, growing to UGX 226.3 trillion, up from UGX 203.7 trillion in 2023/24.
The GDP per capita also rose from USD 1,159 to USD 1,263, while real GDP growth stood at 6.3%, up slightly from 6.1% recorded in the previous year.
Kasaija attributed this performance to growth across all key sectors, including agriculture, industry, and services, particularly in Information and Communication Technology (ICT).
He highlighted initiatives such as the Parish Development Model (PDM), Uganda Development Bank (UDB) financing, Emyooga, the Small Business Recovery Fund, and the Agricultural Credit Facility as instrumental in revitalizing economic activity and supporting recovery efforts.
The minister’s remarks come at a time when economies around the world are grappling with inflationary pressures, climate-related shocks, and geopolitical tensions.
Despite these hurdles, Uganda’s economic indicators suggest resilience and continued recovery.
Kasaija reaffirmed the government’s commitment to strengthening its economic base, promoting inclusive growth, and ensuring that public investments are aligned with national development priorities.
By Muggaga Kiggwe
26th Aug 2025
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