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.” 

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.

Finance Ministers and senior economic policymakers from the East African Community (EAC) Partner States have agreed on a coordinated regional approach to budgeting, tax harmonisation and economic integration during the 18th Meeting of the Sectoral Council on Finance and Economic Affairs (SCFEA)

The PSST Ramathan Ggoobi has said under the Tenfold Growth Strategy, Government targets to raise exports from 12% to 50% of GDP.

He said this will partly be achieved by increasing the export value of agro-industrial products to US$20 billion, manufacturing’s share of exports from 16% to 20% and doubling composition of medium and high-tech products in manufactured exports from 21% to 50%.

The PSST made the remarks this afternoon while meeting Private sector stakeholders to discuss off-take opportunities for grain commodities in Uganda.