Uganda's foreign exchange reserves increased by 69.7% to $5.6 billion.

The Bank of Uganda stated in a report that due to factors such as a large influx of foreign direct investment in the oil sector, Uganda's foreign exchange reserves have increased by 69.7% in the past 12 months as of January this year. The report shows that by the end of January, the foreign exchange reserves of this East African country have increased to $5.6 billion, compared to $3.3 billion in the same period last year. Uganda is expected to start commercial production of oil this year.