Uganda's 2026/27 Budget Prioritizes Agro-Industrialization, Tourism, and Emerging Sectors

The Ugandan government is setting its sights on robust economic growth with the unveiling of the National Budget for the 2026/27 financial year. The budget outlines critical areas for increased government investment and aims to cultivate new opportunities across various economic sectors.

The “ATMS” sectors – Agro-Industrialisation, Tourism, Minerals, Oil & Gas, and Science, Technology & Innovation (including ICT and Creatives) – are at the forefront of this fiscal plan.

Agro-industrialisation has received the largest-ever allocation, with Shs 2.26 trillion designated for its development. Key initiatives include boosting agricultural research and innovation, such as commercializing an anti-tick vaccine, expanding irrigation, and enhancing extension services to better support farmers. Focus will also be placed on improving the quality of agricultural inputs, post-harvest handling, agro-processing for value addition, quality assurance, and broadening market access.

Tourism development is set to receive Shs 567.32 billion. The plan aims to brand and market Uganda internationally, develop essential tourism infrastructure, and improve sanitation facilities at tourist sites. Efforts will also concentrate on upholding hospitality standards through training, bolstering conservation and wildlife protection in national parks, promoting health tourism, and leveraging economic and commercial diplomacy.

Significant funding of Shs 473.51 billion is earmarked for the minerals, oil, and gas sector. Priorities here include continued exploration and quantification of mineral resources, capitalizing the Uganda National Mining Company, establishing mineral markets, and advancing the East African Crude Oil Pipeline (EACOP) and oil refinery projects.

Furthermore, Shs 1.140 trillion has been allocated to Science, Technology, and Innovation, encompassing ICT and the creative industries. This includes commercializing homegrown innovations like Kiira Motors vehicles, local pharmaceuticals, and banana-based products. The establishment of a Hi-Tech City and increased investment in research and development are also key objectives. Additionally, the budget aims to expand digital infrastructure for better internet access and services and foster growth in Business Process Outsourcing (BPO) to create employment.

These strategic investments signal Uganda’s commitment to diversifying its economy and fostering sustainable development across critical growth sectors. This information was provided by the Uganda Investment Authority.