Uganda's oil industry is progressing towards significant milestones, particularly in the Albertine region where drilling and infrastructure development are underway, and the Tilenga project is nearing its first oil production. However, according to The Observer, many Ugandan businesses involved in the sector are experiencing a financial crisis due to a collective debt exceeding $9.7 million.

The Ugandan Minister of Finance presented the Budget Speech for FY 2026/27, which includes tax amendments impacting the energy and minerals sector. This annual event typically elicits varied reactions from the public, reflecting differing opinions on the proposed financial changes. The implications of these amendments for the sector are yet to be fully assessed.

The Minister of Works and Transport, Fred Byamukama, has instructed the contractor responsible for supplying Uganda's digital number plates to resolve ongoing shortages within three weeks. This issue has affected motorists and vehicle dealers for nearly two years. The directive was issued during a meeting with car and motorcycle importers in Kampala.

The Private Sector Budget Review Dialogue has raised concerns about policy bottlenecks affecting Uganda's economic growth. Industry leaders argue that high operating costs and regulatory challenges hinder competitiveness, which is crucial for achieving the country's ambitious growth targets. They emphasize that enhancing business conditions may be as vital as increasing revenue mobilization to support Uganda's tenfold growth agenda.

President Yoweri Museveni has instructed Finance Minister Henry Musasizi to investigate the diversion of Shs54 billion intended for Uganda's international debt payments to private companies in the UK and Japan. This directive was communicated in a letter dated June 14, 2026, highlighting concerns over the management of the country's financial obligations.

The World Bank has identified several challenges facing Uganda's construction sector, including weak regulation, insufficient political commitment, a lack of skilled labor, and bureaucratic procurement processes. These issues are hindering the sector's potential to create jobs and stimulate economic growth, despite its contribution of 12 to 17 percent to the country's Gross Domestic Product (GDP).