Africa-Press – Uganda. Uganda’s economy remains on a steady upward path, according to Finance Minister Matia Kasaija, who on August 26 painted an optimistic picture of growth, stability, and resilience during a press briefing at the Uganda Media Centre.
Kasaija told journalists that Uganda’s economy is “moving well,” citing consistent good governance, disciplined financial management, and sustained investments as the key drivers of growth.
He added that Uganda is ranked among the best-performing economies globally in terms of resilience and affordability.
“Uganda is currently one of the best performing economies globally,” Kasaija said.
“Ugandans are able to attain essential goods and services at relatively low costs compared to other nations.”
The minister also revealed that government is working to stabilize commodity prices, which remain a concern for many households.
“We are working to ensure that prices return to normal levels so that every Ugandan can live with dignity and access what they need,” he said.
On the external front, Kasaija highlighted the competitiveness of the shilling, noting that the exchange rate stands at Shs3,500 per US Dollar.
He attributed this stability to strong export earnings, robust foreign direct investment inflows, and sound central bank interventions.
The Bank of Uganda and international financial institutions have in recent months echoed this assessment, pointing to low inflation and steady financial flows into the country.
Uganda’s economy is currently valued at Shs226.3 trillion ($61.3 billion), with growth projected at 6.3 percent this financial year.
The key sectors powering this momentum include agriculture, industry, ICT, and services.
Kasaija concluded by reaffirming government’s pledge to maintain macroeconomic stability while ensuring that growth translates into better livelihoods.
“Our commitment remains to build an economy where every Ugandan has the opportunity to thrive,” he said.
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