Business 25 June 2026 Daily Monitor (Uganda)

Foreign Companies Send Record Profits Abroad as Remittances Surge

Data from the Bank of Uganda reveals a significant increase in profits repatriated by foreign firms, with dividend remittances rising by an impressive 62.1 percent in 2024. This trend highlights a notable shift in capital outflow from the Ugandan economy. Source: https://www.monitor.co.ug/uganda/business/markets/foreign-firms-repatriating-record-profits--5509554

Foreign companies operating in Uganda have significantly increased the amount of profits they are sending back to their home countries. According to recent data released by the Bank of Uganda, the value of dividends remitted abroad by these firms saw a substantial jump of 62.1 percent in the year 2024.

This surge in profit repatriation indicates a strong performance by foreign investments within the Ugandan market, coupled with a strategy to move capital out of the country. While such outflows can reflect confidence in repatriating earnings, they also represent a decrease in capital available for reinvestment within Uganda.

The exact figures for the total amount remitted were not detailed in the initial report, but the percentage increase points to a record level of earnings being sent back by multinational corporations and other foreign-owned entities. This trend will likely be a key point of discussion for economic policymakers.

Analysts suggest that the rise in remittances could be influenced by various factors, including attractive returns on investment, currency exchange rates, and corporate financial strategies. Understanding the full implications for Uganda’s balance of payments and domestic investment climate will require further economic analysis.

This substantial increase in dividend payments abroad underscores the dynamic nature of foreign direct investment and its impact on national economies. The Bank of Uganda’s data provides a critical snapshot of these financial flows.