China’s strong, but falling role in Uganda’s public debt space
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Date
2026-02-18
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Daily Monitor
Abstract
The growing debt burden is drawing renewed attention to the role of China as one of Uganda's key debt sources. The Ministry of Finance’s Debt Sustainability Analysis for 2024/25 indicates that public debt rose from $25.59b (8hs94.8 trillion) in June 2024 to $32.24b (Shs115 8 trillion) in June 2025, with the share of debt to gross domestic product rising to 50.9 percent. This places Uganda at the upper edge of the East African Monetary Union’s 50 percent convergence benchmark. While the report maintains that the overall risk of debt distress remains “moderate”, it highlights mounting fiscal pressures and vulnerabilities.
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Newspaper Article
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Nakaweesi, D. (2026). China’s strong, but falling role in Uganda’s public debt space. Daily Monitor.