The Tenfold Growth Strategy is a blueprint for rapidly expanding Uganda’s economy in a transformative, sustainable and inclusive manner. The goal of the Strategy is to grow the capacity of the country’s economy to its double-digit growth potential. The strategic target under this goal is to expand the country’s GDP from nearly US$ 50 billion (2023) to US$500 billion (2040). This target responds to a direct challenge from H.E the President for managers of the economy to focus on attainment of a qualitative leap in their approach to economic management.

In pursuit of the goal of growing the capacity of the country’s economy to its double-digit growth potential, Government has prioritized two outcomes: increasing returns from public investment and competitively growing the share of the formal economy for a larger revenue base.

The aim of the Tenfold Growth Strategy is to: a) Rapidly expand the country’s export basket and tourism offering of exploratory experiences; b) Consolidate the country’s human, financial, physical and natural capital stocks for increased connectivity and capacity in international trade; c) Build a knowledge economy as a new source of economic growth based on technological advancements; and d) Ultimately leverage the country’s central continental location for its transformation into a competitive investment, trade and tourism center in Africa, starting with the East African Community (EAC).