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Uganda Top Stories

for the 05 Jan - 11 Jan

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Uganda Targets Export, Oil-Led Growth
1. Uganda Targets Export, Oil-Led Growth

Uganda is targeting higher economic growth through expanded exports and the start of commercial oil production. The Uganda Free Zones and Export Promotions Authority aims to raise total export revenues to $26 billion by scaling up Free Zones and Special Economic Zones. Separately, the government expects oil production from western Uganda to commence in 2026/2027, which is expected to boost revenues, manufacturing, and GDP growth to double-digit levels, according to official and World Bank projections.

Uganda Airlines Hit by Disruptions
2. Uganda Airlines Hit by Disruptions

Uganda Airlines faces sustained flight delays and cancellations that have stranded passengers and triggered public criticism. Commentators blame management decisions, including opening multiple long-haul routes with only two wide-body aircraft and weak customer communication. The airline’s chief executive says seasonal global disruptions, weather, and overseas airport delays have also affected schedules, citing thousands of delayed flights across major European hubs that disrupted connecting services to and from Entebbe.

Uganda Shilling Gains 2.48% in 2025
3. Uganda Shilling Gains 2.48% in 2025

Uganda’s shilling strengthened in 2025, appreciating 2.48%  against the US dollar and outperforming regional peers. Official data show steadier foreign exchange inflows supported the currency, led by strong gold and coffee exports and stable remittances. Moderated import demand and measured monetary management limited volatility. The firmer shilling lowered import costs and eased inflation, while slightly reducing local returns for some exporters.

EACOP Reaches 79% Completion
4. EACOP Reaches 79% Completion

Uganda and Tanzania confirmed the East African Crude Oil Pipeline reached 79% completion by December 2025, keeping the $5 billion project on track for first exports in October 2026. Ministers reviewed final construction and set July 31, 2026, for startup. Developers have welded over 1,100 km of the 1,443 km heated pipeline and advanced the Tanga Marine Terminal and pumping stations to support initial shipments.

New Rules Push Local Mineral Processing
5. New Rules Push Local Mineral Processing

Uganda regulates mineral concentrate exports through a permit-based system that prioritizes domestic value addition and allows the government to delay, condition, or deny export approvals. The policy aligns with wider African efforts to retain more mineral value locally. Afreximbank and Egypt have launched plans for a pan-African gold hub to expand refining and trading within the continent. Uganda exported about $5.21 billion in gold between November 2024 and October 2025, highlighting stakes in value retention.

ERA Keeps Power Tariffs Unchanged
6. ERA Keeps Power Tariffs Unchanged

The Electricity Regulatory Authority has approved unchanged electricity end-user tariffs for the first quarter of 2026, maintaining rates set in late 2025. The tariffs apply to all consumer categories served by the Uganda Electricity Distribution Company. Domestic users retain a subsidized lifeline tariff for the first 15 units, while manufacturing and large industrial consumers continue to pay lower rates than in 2024. The tariffs serve as the 2026 base rates.