business

The Kampala Industrial and Business Park, commonly known as Namanve Industrial Park, is Uganda’s largest industrial park. Established in 1991, the park sits on approximately 2,209 acres (about 8.9 square miles) along the Kampala–Jinja Highway and serves as a key driver of Uganda’s industrial transformation strategy.

The Bank of Uganda has introduced strict over-the-counter cash withdrawal limits effective January 1, 2027. Under the new digital payment strategy, individuals are capped at UGX 50 million daily, while corporate accounts face a UGX 250 million daily limit to encourage electronic banking.

Uganda's economy has defied conventional election-year anxieties, maintaining a stable macro-environment with GDP growth projected at 6.6 percent. According to a Finance Ministry update by PSST Dr. Ramathan Ggoobi, strong export performance, tourism, and foreign investment have kept the country on track to reach its long-term development targets.

The government has launched an UNCTAD-developed E-Accounting tool to help Uganda’s 1.8 million informal businesses digitize their records. Financed under the IMCORE program, the application aims to drive tax compliance, security, and growth among small enterprises.

Uganda’s oil and gas sector is focusing on practical skills development to prepare citizens for opportunities within and beyond the industry.

Uganda has flagged off its first export consignment of processed canned pineapples to China in a move expected to boost agro-processing and farmers’ incomes.

The East African Development Bank has launched a USD 13 million fund to provide affordable credit to youth and women-led businesses. The initiative aims to close a massive financing gap and support the transition of small enterprises into the manufacturing sector across East Africa.

The government is banking on grain production, agro-processing and subsidised agricultural financing to drive Uganda’s export growth strategy.

Uganda's government aims to increase agro-industrial exports to $20 billion under the Tenfold Growth Strategy. PSST Ramathan Ggoobi says the plan focuses on value addition, grain processing, and subsidized loans for commercial farmers to boost the country's GDP contribution.

Senior Presidential Advisor Moses Byaruhanga has asked small-scale traders to form structured groups to access low-interest government loans. The initiative aims to support businesses that missed out on PDM and Emyooga funding.