Uganda remittances reach sh11.46 trillion in one y
Uganda reported $3.03 billion in remittances for the 2025/26 financial year, marking a significant contribution to the national economy. The government is focusing on agro-industrialization and mineral-based development to sustain growth as oil revenues begin to materialize.
Why it matters
Remittances serve as a critical pillar for economic stability and development in emerging markets like Uganda.
Business: Uganda remittances reach sh11.46 trillion in one y
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Uganda remittances reach sh11.46 trillion in one year
The figure was recorded alongside $3.24 billion (about sh12.26 trillion) in Foreign Direct Investment (FDI) and $1.7 billion (about sh6.43 trillion) in tourism receipts during the same period.
Finance Minister Henry Musasizi, presenting the Budget Strategy at the National Budget Conference in Munyonyo on Thursday, Sept 16. (Courtesy photo)
Ugandans abroad sent home $3.03 billion (about sh11.46 trillion) in the financial year 2025/26, making remittances one of the country's significant sources of external inflows, according to the FY2027/28 Budget Strategy.
Presenting the Budget Strategy at the National Budget Conference in Munyonyo on Thursday, Sept 16, Finance Minister Henry Musasizi said the economy was increasingly generating resources from multiple sources as the Government pursued faster growth and structural transformation.
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