The State Minister for Finance in Charge of General Duties Hon Henry Musasizi has officially launched the Private Sector Development Programme Implementation Action Plan which is a key step toward strengthening Uganda’s business environment.
Speaking at the official opening of the Private Sector Development programme annual review at Mestil hotel in Kampala today, Minister Musasizi said Uganda’s economy has rebounded strongly under the able leadership of President Yoweri Kaguta Museveni and the NRM Government.
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He added that Uganda is now recognised internationally as one of the fastest-growing economies in the world, with projections placing Uganda among the very top by 2031 and said that macroeconomic indicators also reflect resilience and stability, making Uganda increasingly attractive to investors.
Minister Musasizi explained that financing to the private sector has expanded through the Uganda Development Bank capitalization which exceeded Ugx 1.5 trillion over the past five years through Emyooga worth over Ugx 500 billion and Ugx 3.26 trillion through the Parish Development Model reaching millions of beneficiaries, deepening financial inclusion and wealth creation.
While speaking at the same event, the Deputy Chairperson of the Private Sector Board Ms Sarah Kagingo, signalled strong collaboration between government of Uganda and private sector stakeholders.
The Director of Economic Affairs at the Private Sector Foundation Moses Kaggwa said that the initiative aims to drive growth, create jobs and enhance economic opportunities for Ugandans.
