Finance Minister Henry Musasizi on behalf of the Government of Uganda and Chief Executive Officer of Standard Chartered Bank Uganda, Sanjay Rughani have signed €110.5 Million (UGX 481 billion) financing agreement for the Kitgum-Kidepo Road project.
The Uganda Country Partnership Framework, is a 10-year operational strategy that lays out how the World Bank Group will support Uganda’s ambition to transform into a modern, prosperous and competitive upper-middle income country by 2040.
Finance Minister Henry Musasizi met the World Bank Division Director for Kenya, Rwanda, Somalia and Uganda Mr. Qimiao Fan to discuss the key development priorities, address implementation bottlenecks and strengthen the collaboration between Uganda and the World Bank.
Finance Minister Henry Musasizi met the Governor Bank of Uganda Dr. Micheal Atingi-Ego, his Deputy Prof. Augustus Nuwagaba and other Senior Bank officials to discuss ways of strengthening the coordination between the monetary and fiscal policy.
Ministry of Finance and Bank of Uganda play complementary and mutually re-inforcing roles in macroeconomic management and there is a clear memorandum of understanding between MoFPED and Bank of Uganda that establishes clear channels for collaboration and information sharing.
Finance Minister Henry Musasizi shared his vision for the Ministry with the Ministry of Finance top management team as he embarked on executing his mandate.
While chairing his maiden top management meeting, Musasizi said his commitment is to transition Uganda from incremental growth to exponential economic take-off through these five pillars.
1. The USD 500 billion target. “We shall relentlessly execute the tenfold growth strategy to turn Uganda into a USD 500 billion-dollar-economy,” he said.
On the sidelines of the recently concluded 2026 Annual Meetings of the Islamic Development Bank in Baku, Azerbaijan, the Permanent Secretary and Secretary to the Treasury (PSST) Dr. Ramathan Ggoobi met the President of the Arab Bank for Economic Development in Africa (BADEA),H.E Abdullah Khalil AlMusaibeeh.
This is the largest amount ever approved by the Board for a single project in Uganda.
The IsDB Board made the approval on the sidelines of the 51st Islamic Development Bank Group Board of Governors’ Annual meetings held in Baku, Republic of Azerbaijan (16th to 19th June 2026) under the theme, “Regional Integration for Sustainable Prosperity.”
Outgoing Finance Minister Matia Kasaija handed over Office to the New Finance Minister Henry Musasizi pledging to remain available to support the Ministry whenever called upon.
“We may be in different situations, but we remain a solid group. If you have got something that you think I can help out, I am ready,” said Kasaija in his parting shot.
The Permanent Secretary and Secretary to the Treasury (PSST) Dr. Ramathan Ggoobi has launched the National Budget Month for FY 2026/27 at the Ministry of Finance in Kampala.
