Kampala | July 15, 2025 | Uganda has taken a bold and historic step toward industrial transformation and inclusive economic growth with the operational launch of the Investment for Industrial Transformation and Employment (INVITE) Trust. The Trust is now fully activated following the successful fulfilment of conditions precedent to disbursement and the subsequent release of UGX 170 billion (approximately USD 44 million) from the World Bank. This development was formally announced during a high-level Investment Committee meeting held today in which the Trustees, including the Ministry of Finance, Planning and Economic Development (MoFPED) represented by Permanent Secretary and Secretary to…
Author: Rising Nation
Government’s Commitment to Inclusive Growth & Economic Acceleration Uganda has officially set the tone for accelerated national transformation in the Financial Year 2025/26 with the release of UGX 17.18 trillion in Quarter One (Q1), representing 23.7 percent of the approved UGX 72.38 trillion national budget. This deliberate and strategic financial disbursement reaffirms the Government’s commitment to achieving its Tenfold Growth Strategy, a bold framework aimed at propelling Uganda into a competitive middle-income economy. Speaking during the official release, Ramathan Ggoobi, the Permanent Secretary and Secretary to the Treasury (PSST), emphasized that the Q1 disbursement prioritizes Agro-Industrialization, Tourism, Mineral Development, and…
Uganda is on the verge of a great leap, poised to become a regional hub of trade, tourism, innovation, and industry. From world-class infrastructure to booming ICT innovations, the country has laid the groundwork for takeoff. But just as a plane can be ready for flight, a weak runway can bring everything to a halt. One of the most alarming threats to Uganda’s rise isn’t external, it lies within. At the heart of this storm is the Uganda Civil Aviation Authority (UCAA), an institution whose dysfunction is increasingly seen as a bottleneck in the country’s transformation journey. A Critical Sector…
Paul Mwesigwa – MD UEDCL The Uganda Electricity Distribution Company Limited (UEDCL) has commemorated a landmark—100 days of uninterrupted national electricity distribution since officially assuming the mandate on April 1, 2025. This occasion signifies more than a managerial handover; it represents a decisive turning point in the evolution of Uganda’s power sector, characterized by resilience, strategic clarity, and a people-first philosophy. As the country executes its “Big Switch,” UEDCL emerges not merely as a distributor of power—but as an architect of inclusive national development. Anchoring Reform on Four Strategic Pillars UEDCL’s blueprint for transformation has been underpinned by four cardinal…
In the canon of national transformation narratives, few African leaders have etched an economic philosophy as distinct and pragmatically aligned to domestic realities as President Yoweri Kaguta Museveni. Musevenomics—a term increasingly gaining intellectual traction in policy and academic circles—is far more than a coinage of convenience. It encapsulates a developmental creed, a doctrine of homegrown pragmatism, and a deliberate departure from rigid economic prescriptions. It is President Museveni’s economic legacy—an enduring imprint on Uganda’s national transformation journey. What is Musevenomics? Musevenomics is the customized economic governance framework pioneered and sustained by President Museveni over nearly four decades. Rooted in Uganda’s…
In a bold step towards improving Uganda’s business and legal ecosystem, the Uganda Registration Services Bureau (URSB) has officially launched its inaugural Case Digest, a transformative resource aimed at promoting efficiency, transparency, and predictability in the administration of commercial justice. The launch, held at the URSB headquarters in Kololo, drew wide acclaim from the judiciary, private sector, and legal fraternity. Hon. Justice Mike Chibita, the Guest of Honour, lauded the publication as a critical tool that will streamline dispute resolution and strengthen Uganda’s investment environment. “This Case Digest is more than a reference tool. It is a catalyst for efficiency…
In a nation’s pursuit of growth and transformation, the role of local government leadership cannot be overstated. As Uganda positions itself towards accelerated development, the focus is shifting beyond central government policies to the very frontline of service delivery: the local government accounting officers, Chief Administrative Officers (CAOs), and Town Clerks. These are the individuals whose presence, decisions, and leadership directly shape the day-to-day realities of communities across the country. At a recent strategic engagement held at the Grand Imperial Hotel in Kampala, the Head of Public Service, Ms. Lucy Nakyobe, underscored a critical message. Transformational leadership at the local…
President Yoweri Kaguta Museveni has today commissioned a series of completed road infrastructure projects worth Shs 53 billion in Kasese Municipality, constructed under the Uganda Support to Municipal Infrastructure Development (USMID) program. The commissioned roads which include Rwenzori Road, Bus Circular Road, 3rd Street, Kitalikubi Road, Park Rise, Stanley Road, Margarita Road, Rukidi III-Port Circular, Crescent Road, Mandela Road, Total Road, Mboghoyabo, and Lincoln Road, mark a significant boost to Kasese’s urban transformation and transport efficiency. “These developments demonstrate that the NRM government is not about empty promises. We do what we say and say what we mean,” President Museveni…
In a timely and historic statement, His Excellency General (Rtd) Yoweri Kaguta Museveni, President of the Republic of Uganda and current Chairman of the Non-Aligned Movement (NAM) for the period 2024–2027, has broken his silence on the escalating hostilities between Israel and Iran, urging all parties to draw back from the brink of war and embrace principled diplomacy. Speaking not only as Uganda’s long-serving leader but also as the head of NAM — a global body representing 120 countries committed to peace and non-interference — President Museveni emphasized the need for historical understanding, recognition of legitimate interests, and rejection of…
How strategic tax reforms, value chain protection, and sectoral investment are shaping Uganda’s path to inclusive, digital-led growth (Video for the National Budget 2025/2026 Embedded) KAMPALA – Against a backdrop of global economic turbulence and intensifying climate pressures, Uganda has placed an audacious wager on its future. Finance Minister Matia Kasaija’s UGX 72.4 trillion (approx. $19.5 billion) budget for the 2025/26 financial year, tabled this week, transcends mere accounting. It is a development manifesto – a deliberate attempt to leverage massive public investment as a catalyst for private sector dynamism and structural economic transformation. Centred on “monetisation, industrialisation, and digital transformation,” the…
