Uganda Posts 6.3% Economic Growth in FY2024/25 as Agriculture & Industry Lead Gains

Kampala, Uganda
Uganda’s economy achieved an impressive growth rate of 6.3% in the 2024/25 financial year, rising from 6.1% the year prior, according to the recently-released report by the Bank of Uganda.

Key sectors driving growth include agriculture (+6.6%), livestock (+8.8%), fishing (+17.8%) and industry (+7.0%) — with construction alone posting a 12.2% increase. Such performance reflects intensified efforts by the government to pivot from subsistence to commercial production, industrialisation and rural value-addition.

Inflation remained contained at around 3.5%, helping preserve household incomes and investor confidence. These results offer a tangible boost to the government’s narrative of transformation, particularly for citizens in places like Fort Portal and the Western Region, where agricultural and construction activity are significant. For The Urban Gazette readers, the implication includes expanding job opportunities, increasing infrastructure investment and stronger purchasing power.