Uganda’s Economy Races Ahead with 8. 5% Growth

The economy in Uganda surged by 8. 5 percent during the quarter that finished in December, a jump from 5. 4 percent the year before, officials say. \ This rise is driven by shoppers buying more and construction projects booming across the country. \ \ A new pipeline worth $5 billion is almost finished, with 80 percent of its construction completed. \ The line will carry crude oil from western fields to the Tanzanian port at Tanga, opening a new export route. \ \

Officials expect that in the 2026/27 fiscal year, oil sales could bring about 2. 2 trillion Ugandan shillings (roughly $587 million) into the treasury. \ \ The growth reflects how strong demand and infrastructure projects can lift a nation’s economy, showing that investment in roads, pipelines, and other buildings pays off. \ \ This development may help Uganda reduce its dependence on a few crops and diversify into energy exports. \

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