Uganda has retained its position as one of Africa’s leading investment destinations, driven by a rise in foreign direct investment (FDI), tourism revenues, and remittances.
While delivering the 2025/26 national budget speech at Kololo Independence Grounds in Kampala, Finance Minister Matia Kasaija attributed the country’s economic momentum to sustained peace, enhanced competitiveness, and ongoing public investment in infrastructure.
“Uganda has maintained its top ranking as one of the best investment destinations in Africa,” Kasaija said.
According to the 2025/26 national budget figures, FDI inflows rose to USD 3.48 billion in the 12 months ending March 2025, up from USD 2.99 billion during the same period in 2024.
Kasaija cited improved business conditions and investor confidence as key drivers of the increase.
Tourism earnings also posted strong growth, rising 13.1 percent to USD 1.52 billion from USD 1.36 billion the previous year.
The minister credited the growth to government investments in tourism infrastructure, including the expansion of Uganda Airlines and key road and site developments.
Additionally, remittances from Ugandans abroad increased to USD 1.4 billion, up from USD 1.33 billion in the same period the previous year.
Kasaija said the rise in remittances demonstrates continued engagement between the diaspora and Uganda’s economy.
“These inflows support household incomes and boost the country’s foreign exchange reserves,” he said.
The FY 2025/26 National Budget was presented under the theme: “Full Monetisation of Uganda’s Economy through Commercial Agriculture, Industrialisation, Expanding and Broadening Services, Digital Transformation and Market Access.”
Kasaija reaffirmed the government’s commitment to policies that stimulate private investment, job creation, and inclusive growth.
