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3 clusters · 15 sources · 8 days · First seen · Last updated

Uganda export sector and macroeconomic developments

Overview

Uganda’s export sectors continue to show strength, particularly in organic agriculture and precious metals. The organic agriculture sector recorded approximately USD 225.7 million in exports in 2025, with the number of certified organic farmers growing to 744,288. This growth positions Uganda among the world’s top three countries by the number of certified organic farmers. To capitalize on this, the country will host Africa’s first Organic and Nature Expo (ONE) in Kampala from November 4 to 7, 2026.

Gold exports remain a primary driver, with a 68.9% year-on-year increase in August 2026, reaching $889 million and accounting for roughly 59% of total merchandise export value. Total merchandise exports for August 2026 reached $1.5 billion, a 36% increase from August 2025.

However, the economy faces significant pressure from inflation and currency depreciation. Annual headline inflation rose to 4.6% in September 2026, driven by food, transport, and energy costs. The Ugandan shilling has reached its weakest level since 1993, influenced by rising US bond yields and foreign investor withdrawals. In response, the Bank of Uganda raised the Central Bank Rate to 12.0% to stabilize the currency. While foreign exchange reserves stand at approximately $6.7 billion, President Yoweri Museveni has urged a focus on increasing exports and tourism rather than utilizing reserves for market intervention. Additionally, the Bank of Uganda has entered a cooperation agreement with EIB Global to manage climate-related risks and attract green investment.

Entities

Uganda · Bank of Uganda · Chariton Namuwoza · South Sudan · Uganda Revenue Authority

Timeline

  1. [BUSINESS] 10 sources
    Uganda faces economic pressure from inflation and currency depreciation

    Uganda faces rising inflation and a 33-year low for the shilling, prompting interest rate hikes despite a 36% surge in August export revenues driven by gold.

  2. [BUSINESS] 3 sources
    Uganda gold exports surge 68.9% in August 2026

    Uganda's gold exports rose 68.9% to $889 million in August 2026, driving a 36% increase in total merchandise exports to $1.5 billion.

  3. [BUSINESS] 2 sources
    Uganda leads Africa in organic farming with USD 225.7 million in exports

    Uganda has become Africa’s largest organic farming producer, with certified organic exports reaching USD 225.7 million in 2025 and farmer numbers growing significantly.

Sources

256businessnews.com · africa.businessinsider.com · africanleadershipmagazine.co.uk · businessfocus.co.ug · copperbeltkatangamining.com · dailynews.co.tz · entebbenews.net · europesays.com · info-blog.org · informateur.ci · lemarche.finance · nexusmedia.ug · sanyufm.com · tndnewsuganda.com · ugbulletin.co.ug

This summary has been updated 2 times: see revision history