Over the past few years Uganda has significantly eased the severity of capital controls, bolstered interbank foreign exchange liquidity and enhanced standards of exchange rate data. Additionally, Bank of Uganda’s ability to manage volatility from foreign capital flows by considering the adequacy of forex serves is a very positive signal for foreign direct investment. Uganda’s interbank foreign exchange liquidity rose significantly.
Read MoreSignificant improvements in the adoption of ESG policies and frameworks supported Uganda’s score this year. Additionally the Bank of Uganda’s launch of its strategic plan for 2022-27 which include CBDCs, financial sustainability and big data evidence the opening up of the economy to investors and its ambition to play a lead role in the economic uprise of the East African region.
Read MoreNew World Health predicts a healthy wealth growth of 38% for Africa over the next decade, with several East African countries standing out. Uganda is expected to see a 50% growth rate to 2031, ahead of the rest of Africa.
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