Kampala, Uganda – Financial institutions are rallying behind Uganda's ambitious economic agenda, pledging to provide swift and affordable capital to support the government's forthcoming National Development Plan IV (NDP IV). This crucial support aims to accelerate Uganda's journey towards significant economic expansion.
Highlighting this growing partnership, Standard Chartered Bank recently convened the Investment Dialogue 2025. The event brought together influential figures from both the public and private sectors to map out strategies for attracting increased investment and capital inflows into the country.
The dialogue centered on Uganda's "10-Fold Strategy," a bold vision for economic growth, with a particular focus on enhancing cross-border trade as a key driver.
"[We] are committed to providing financial solutions that align with Uganda’s long-term development goals," stated an Executive Director from Standard Chartered Bank, emphasizing the institution's dedication to the nation's vision.
The push comes as Uganda experiences positive economic momentum. "Uganda’s economy grew by 6.2% in FY 2024/25, reaching UGX 202.7 trillion (USD 53.6 billion)," noted economist Maria Kiwanuka. She highlighted the "ATMs" – Agriculture, Tourism, and Minerals – as pivotal sectors in the government's plan to achieve a USD 500 billion economy by the year 2040.
Representing Permanent Secretary Ramathan Ggoobi, Moses Bekabye, a Technical Advisor at the Ministry of Finance, underscored the government's dedication to fostering strong partnerships with the private sector. "We are building national consensus to ensure all stakeholders align with the 10-Fold Strategy for transformative growth," Bekabye affirmed.
The consensus from the dialogue was clear: "Collaboration is key to unlocking Uganda’s investment potential." With the financial sector, private enterprises, and the government aligning their efforts, Uganda appears well-positioned to pursue a path of sustained and significant economic expansion under its new development framework.
