Uganda's Ministry of Finance published a readout of remarks by Permanent Secretary and Secretary to the Treasury Dr. Ramathan Ggoobi at a London engagement with insurers, banks and investors, presenting Uganda as macroeconomically stable and outlining strategic priorities for building a USD 500 billion economy by 2040. The update highlighted an all-time high in foreign exchange reserves, a real GDP growth projection above 7% in 2026, and an oil-sector-led lift in growth as production begins. The briefing linked stronger reserves to favourable terms of trade, portfolio flows and foreign direct investment, and set out expectations that oil production will start in the fourth quarter of 2026, peak at 230,000 barrels per day around 2028, and raise growth to around 9%. It also pointed to opportunities across minerals and infrastructure projects including the East African Crude Oil Pipeline, the Malaba-Kampala standard gauge railway, the Hoima Oil Refinery and industrial parks. On public debt, the readout cited a stock of USD 32.2 billion by June 2025 and described it as sustainable, with a medium-term strategy aimed at reducing the debt service burden through domestic revenue mobilisation and greater use of concessional financing; officials also discussed preparedness for Middle East-related shocks and financing themes including export credit agency financing and private credit.

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