The Economy of Uganda

Since assuming power in early 1986, Museveni's government has taken important steps toward economic rehabilitation and adopted policies that have promoted rapid economic development. Uganda suffered political turmoil and devastating economic drawbacks between 1971 and 1986. This extended period of regression left Uganda as one of the world’s poorest countries. The country however commenced wide ranging economic reforms including liberalization of key markets and sectors, prices and privatized public enterprises beginning in 1987. These reforms have improved economic performance and sustained economic growth at about 7 percent per annum for the last ten years.

Bank of Uganda

Bank of Uganda (BoU) is the Central Bank of the Republic of Uganda. The primary purpose of the Bank is to foster price stability and a sound financial system. Together with other institutions, it also plays a pivotal role in upholding international best practice in creating an environment of macro-economic stability. The Board of Directors of the Bank of Uganda is the supreme policy making body of the Bank. It is chaired by the Governor and in his/her absence by the Deputy Governor. The duties and powers of the Board are provided for under the Bank of Uganda Act. This Act bestows upon the Board the responsibility for the general management of the affairs of the Bank. The Board formulates Bank policies and ensures that anything required to be done by the Bank under the statute as well as anything else that is within or incidental to the functioning of the Bank is carried out. The President of Uganda appoints both the Governor of the Bank and the Deputy Governor, on the advice of the Cabinet for five-year renewable terms. Other members of the Board (not less than four, and not more than six, are appointed by the Minister of Finance for three-year renewable terms. The Secretary to the Treasury is an ex-officio member of the Board.

Ministry of Finance

The Ministry of Financial Planning and Economic Development derives its mandate and functions from the 1995 Constitution of the Republic of Uganda and other related subordinate laws, including the Budget Act (2001), the Public Finance and Accountability Act (2003) and acts establishing agencies and auxiliary organizations. Accordingly, the Ministry plays a pivotal role in the co-ordination of development planning, the mobilisation of public resources, and in ensuring effective accountability for the use of resources for the benefit of all Ugandans. The Department, headed by the State House Comptroller provides administrative support including securing and availing adequate human resources, finance, office equipment, accommodation, transport, records and information facilities/services.

Investment and trade

Chamber Of Commerce - The Uganda National Chamber of Commerce and Industry (UNCCI) was set up in 1933. It is the oldest and largest nation-wide umbrella organization of the private sector in Uganda. UNCCI was formed as a private sector body and has grown to become a vibrant and credible business association, owned by members from the Ugandan business community. It was formally registered in 1978 as a company limited by guarantee without share capital. UNCCI enjoys a diverse membership and nationwide outreach with its 10 regional and over 80 district branches and draws its membership from the entire private sector, particularly the sectors of ; tourism, agriculture, manufacturing, hospitality, construction, import- export, transport, financial services, Small and Medium Enterprises etc.It is this diversity that makes UNCCI the preeminent business association dedicated to advancing commerce and industry relations between Uganda and the International business community. 

Uganda Investment Authority - The Uganda Investment Authority (UIA) is a semi-autonomous government agency operating in partnership with the private sector and Government of Uganda to drive national economic growth and development. The Authority was set up by an Act of Parliament (Investment Code 1991, which was later revised to the Edition 2000 Laws of Uganda) with the aim of promoting and facilitating private sector investment in Uganda.