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Home»Business/Economy/Banking & Finance»IFAD and BoU launch remittance dashboard to strengthen transparency and financial inclusion
Business/Economy/Banking & Finance

IFAD and BoU launch remittance dashboard to strengthen transparency and financial inclusion

Honesty VictorBy Honesty VictorApril 1, 2026Updated:April 1, 2026No Comments3 Mins Read
IFAD
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The International Fund for Agricultural Development (IFAD) in collaboration with the Bank of Uganda (BoU), today launched a new interactive remittance dashboard that sets a new benchmark for publicly available data on remittance markets, which play an important role in Uganda’s economy.

According to the Bank of Uganda’s latest data, remittance inflows reached US$2.5 billion in 2025, equivalent to approximately 3.8 per cent of GDP, supporting household livelihoods across the country.

The new dashboard will provide a comprehensive range of data on remittance inflows and outflows that equips regulators, policymakers and private-sector actors, including money transfer operators, mobile network operators and financial institutions in better understanding market dynamics, strengthening oversight, and developing financial services that meet the needs of migrants and their families.

This includes transaction values and volumes, sending and receiving countries, transfer channels, termination methods and the geographic distribution of remittances across Uganda’s districts. The platform also offers insights into the demographic profile of remittance senders and recipients.

“By transforming high-quality remittance data into actionable insights, this initiative strengthens the foundation for inclusive, evidence-based policymaking while catalysing private sector innovation to expand tailored financial solutions, unlock investment opportunities and enhance the resilience of Ugandan families, particularly in rural areas,” said Mohamed El-Ghazaly, IFAD Country Director in Uganda.

Despite their importance to developing economies, detailed information on how remittances move across corridors and through financial channels has historically been limited. Policymakers, regulators and market participants have often had to rely on migration estimates or survey-based information rather than transaction-based reporting from financial institutions.

Improving the availability of high-quality remittance data contributes to IFAD’s broader mission of expanding financial inclusion and strengthening rural economies. As IFAD prepares for its fourteenth replenishment (IFAD14), initiatives such as this help ensure that remittances—one of the largest sources of external finance to developing countries, are better leveraged to support rural development, investment and resilience.

Developed with technical support from IFAD through the Platform for Remittances, Investment and Migrants’ Entrepreneurship in Africa (PRIME Africa) programme—co-funded by the European Union, the dashboard responds directly to needs identified through the National Remittance Stakeholder Network, which convenes regulators, industry players and development partners to strengthen Uganda’s remittance ecosystem. It will be updated monthly and made accessible via the BoU’s website and on RemitSCOPE.org, IFAD’s Financing Facility for Remittances (FFR) platform for global remittance data and analysis.

The new granular data shows that Uganda recorded more than 16 million remittance transactions in 2025, with an average value of US$152. The United States remains the largest source of inflows, contributing US$702 million (28 per cent of the total), followed by Saudi Arabia, the United Kingdom, the United Arab Emirates and Canada. Nearly three quarters of inbound remittance inflows to Uganda are received through digital channels, predominantly terminating into mobile money accounts. Uganda continues to be a net recipient of remittances, with outflows summing to US$402 million in 2025, primarily sent to India, Kenya, the United States, the United Kingdom and Canada

Bank of Uganda International Fund for Agricultural Development PRIME Africa
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