Uganda’s economy is agriculture-based, with growth in services, construction, and emerging oil and gas sectors. Market competition is improving, though informality and infrastructure deficits remain challenges. Public policies prioritize industrialization, poverty reduction, and regional integration under Vision 2040. Regulatory frameworks are evolving but face corruption and enforcement issues. Ugandan society is youthful and entrepreneurial, with increasing adoption of digital technologies. Education access is expanding, though quality remains inconsistent. Healthcare is improving but underfunded, with rural areas underserved. Climate vulnerabilities, including droughts and deforestation, pose significant risks. Uganda’s growth potential lies in governance reforms and sustainable development.