Article

The Ugandan government increased the 2026/2027 public spending projection by 12.7% to 78.2 trillion shillings ($21.78 billion). This funding will prioritize the completion of the East African Crude Oil Pipeline, essential for starting crude oil production.

Additional investments will focus on assessing mineral resources in iron ore, gold, and copper, along with ongoing refinery development and the construction of a standard gauge railway. The current exchange rate is $1 to 3,590.68 Ugandan shillings.