Slow pyrolysis process has been used in the recent past to yield wood vinegar from various biomass wastes with a quest to investigate their chemical composition and possible uses. This study utilizes the abundant banana wastes in Uganda including leaves, pseudostem and peels (mpologoma, kisansa and kibuzi species) in the slow pyrolysis process to yield vinegar, tar and biochar. Characterization of these banana wastes’ vinegar and tar fractions were investigated via chromatographic and physicochemical analysis. The principle compounds present in the banana wastes vinegar and tar as per percentage peak areas were acids (68.6%), alcohols (62.5%), ketones (27.6%), phenols (25.7%) and furans (21.8%). The products characterization indicate that vinegar and tar contain compounds that can be used as pesticides, termiticide, fungicides, insect repellants, anti-leaching and soil degradation agents. Thus wood vinegar and tar can have sustainable impacts on agricultural sectors and chemical industries especially for developing countries.