Uganda to grow economy to $500 billion by 2040, says finance minister

Uganda Pearl of Africatrade Expo Opens in Malaysia

The Pearl of Africa Business Forum and Expo has opened in Kuala Lumpur, Malaysia, with Uganda set on securing trade and investment potential of around USD 5 billion over the next five years. A high powered delegation led by the Finance Minister Hon. Matia Kasaija, comprises Energy Minister Hon. Ruth Nankabirwa, Agriculture Minister in charge of Animal Husbandry, Hon Bright Rwamirama, Uganda’s High Commissioner to Malaysia, Amb Betty O. Bigombe, …

Uganda to grow economy to $500 billion by 2040, says finance minister

Uganda has launched an ambitious plan to grow its economy from US$50 billion in the 2022/23 financial year to US$500 billion by 2040. To achieve this goal, the government is aggressively seeking investment to support the country’s economic transformation. Finance Minister Matia Kasaija emphasised Uganda's favourable investment climate, highlighting the stability of the Ugandan shilling, a fully liberalised economy, and a stable macroeconomic env…

Stable currency, FDI growth underpin Uganda’s economic expansion plan

Uganda’s economic expansion plan to $500B by 2040 is underpinned by a stable currency and increasing Foreign Direct Investment, Finance Minister tells Malaysian investors. KUALA LUMPUR, Malaysia – Uganda is aggressively courting foreign investment, pointing to its stable currency and a surge in Foreign Direct Investment (FDI) as key pillars of an ambitious plan to grow its economy tenfold by 2040. The strategy was outlined by Finance Minister Ma…

Uganda’s Economic Growth To Double In 2025 » Business Focus

Finance Minister, Matia Kasaija   Uganda has embarked on a new journey of increasing the size of the economy from US$50 billion in FY 2022/23 to US$500 billion by 2040, with an aggressive investment campaign to match the aspiration.   With this, Government continues to make a strong case for why it has been earmarked as a favourite investment destination.  Uganda’s Finance Minister-Matia Kasaija said the stability of the Ugandan Currency, stable…

Uganda’s Growth Story Unfolds as Diplomacy Delivers Economic Gains

Uganda has launched a bold economic agenda aimed at expanding the size of its economy from USD 50 billion in FY 2022/23 to USD 500 billion by 2040. Central to this ambition is a robust investment strategy that positions Uganda as a premier destination for global capital. Speaking at the Pearl of Africa Trade Expo in Malaysia, Uganda’s Minister of Finance, Planning and Economic Development, Hon. Matia Kasaija, highlighted the country’s stable mac…