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2025/09/03 16:31:41

Uganda economy

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Content

The main articles are:

GDP

GDP $717 per person

National debt

2019: Uganda state debt tops $13bn

Uganda's total public debt rose from US $12.55 billion as at the end of June 2019 to US $13.33 billion by the end of December 2019. This is 28.54% of Uganda's GDP.

Inflation

2022: Inflation in November - 10.7%

Data for November 2022

Mining

2025: $1 billion loan from IMF to develop oil production infrastructure

In October 2025, Uganda announced a new billion dollar loan from the International Monetary Fund (IMF).

This is the first loan issued to Ugandan authorities by Western organizations in the last two years. In 2023, Ugandan President Yoweri Museveni signed a law under which LGBT people face imprisonment. Then this caused outrage in the West and closed the opportunity for the Ugandan authorities to receive loans from the IMF.

With the election of Donald Trump to the post of President of the United States, the approach to such issues has changed. The fate of Ugandan minorities is now not so important to Western financial institutions. Economic feasibility is much more important.

In Uganda, quite large and as yet untouched oil deposits have been discovered. Their development, which is scheduled to begin in the summer of 2026, could bring a lot of money. The IMF loan is just planned to be spent on the preparation of the infrastructure necessary for this.

Energy carriers

2018: Petrol price

Map of gasoline prices in countries of the world as of February 12, 2018

Power

2025

As of September 2025

2023: Uganda enters into agreement with Russia to build nuclear power plant

Uganda has entered into an agreement with Russia to build a nuclear power plant. This was announced on July 27, 2023 by the president of this African country, Yoveri Kaguta Museveni, at a meeting with Russian leader Vladimir Putin.

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We also agreed with Russian companies to build a nuclear power plant to generate electricity. This project is already being implemented, and we are happy about it, "he said.[1]
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Uganda enters into agreement with Russia on the construction of nuclear power plants

Earlier in 2023, Yoweri Kaguta Museveni supported the construction of a 1-gigawatt nuclear power plant. A location in Kasaato Village, in Buyende County's Kidera District, as well as alternative locations in Nakasongola and Kiruhura Districts was proposed for the project. The first 1,000 MW plant will be connected to the grid by 2031.

In 2023, Uganda's Ministry of Energy and Mineral Resources Development signed memoranda of understanding with nuclear energy sector partners from Argentina and South Korea. In particular, an agreement was signed with the Korean company Korea Hydro & Nuclear Power (KHNP), according to which the two organizations will closely cooperate in the design, construction and operation of nuclear power plants.

According to the President of Uganda, if in 1986 the total generating capacity of the country amounted to only 60 MW of electricity, then by 2023 this figure approached 2100 MW, but this will soon be not enough to meet the needs of the country.

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In 2005, Uganda experienced a drought that affected electricity generation at Owen Falls Dam. As a result, we have resorted to expensive fossil fuel power plants to support the economy, prompting me to direct the Ministry of Energy and Mineral Resources Development to diversify the energy balance to develop all available resources, including nuclear power, as a means to meet the country's electricity needs, Museveni said.
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2020: Very low energy consumption per capita

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Energy consumption per capita, including electricity, transport heating in 2019-2020

2019: Electrification rate just 29%

Доступ к электричеству в countries Africa (2019)

Transport

2025: Rail gauge - 1000mm

Data for 2025

Telecom operators

Mechanical engineering

2022: KamAZ agreed to build a plant in Uganda

KamAZ agreed to build a plant in Uganda. The company will manufacture trucks for export to the African market. Ugandan Ambassador to Russia Moses Kizige told RIA Novosti about this in mid-October 2022. Read more here.

Agriculture

2019: Low use of pesticides in agriculture

As of 2019

Salt extraction

A prospector seals the damage on his arm with superglue before entering Katwe Lake for salt mining, Uganda, in 2007.

Trade

2023:51% of wheat supplies come from Russia and Ukraine

Data as of July 2023

2019: Exports of 0.26 million tonnes of coffee beans - 6th in the world

Data for 2019

2018

Coffee is the most valuable commodity that is exported

The most valuable goods exported from African countries; 2018

Rwanda is the main trading partner

Africa's largest trading partners, 2018

R&D

2020: R&D expenses - $243 million

R&D expenses as of 2020

Tourism

Consumption

2023: Fish consumption is higher than meat consumption

The most consumed type of meat (including fish and seafood) according to data available for June 2023.

2019: Low rice consumption: 8kg per person per year

2019

2018

Vegetable consumption - 31 kg per capita per year

Потребление овощей в countries Africa, kg per capita population in 2018

Minimum age to purchase alcoholic beverages

Data for 2018

See also

Notes